See the top headlines! Catch up on the automotive industry’s latest news to plan for your dealership’s continued success.
🗞️ Industry roundup: FROM WARDSAUTO: Dealers brace for BEV, tariff price crunch U.S. auto dealers are anticipating significant price increases due to the 25% tariffs on imported vehicles and parts, which could raise average transaction prices by $6,000 for imported models and $3,000 for U.S. built vehicles. In March, new-vehicle sales surged to 1.59 million…
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🗞️ Industry roundup: FROM REUTERS: U.S. first-quarter auto sales get a lift from looming Trump tariffs U.S. auto sales rose 4.8% in the first quarter to approximately 3.91 million units, driven by strong demand for pickup trucks and SUVs. General Motors led the market with a 17% increase in sales, fueled by popular models like…
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🗞️ Industry roundup: FROM PR NEWSWIRE: Spring optimism boosts U.S. automobile dealer sentiment, despite weak profits, growing costs U.S. auto dealers are entering spring with increased optimism, as the market outlook index for Q1 reaches 58, the highest since 2022, indicating growing confidence for the next three months. While conditions have improved slightly from last…
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🗞️ Industry roundup: FROM WARDSAUTO: Auto market thrives despite rising inventories, economic and political pressures Rising inventory levels, declining fleet sales, and increasing consumer affordability concerns are putting pressure on the U.S. auto market, with negative equity on trade-ins climbing to 25.5% of buyers. Despite these challenges, new-vehicle retail sales are projected to rise 8.1%…
Read moreMaximize your profits with our automotive technology solutions that execute VIN-specific strategies via innovative features, including real-time market analysis and inventory management that increases turn, reduces waste, improves margins, and controls risk.
FROM REUTERS: U.S. new-vehicle sales to fall in December as high prices deter buyers The final month of the year is expected to end with retail sales down 2.8%, while total new vehicle sales should be up 5.3% year-over-year. Global vehicle sales are on pace with 2021, with over 80 million new units sold worldwide….
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FROM AUTOMOTIVE NEWS: Inventory continues to rise, hits 1.61 million New-car inventory was up 78% year-over-year at the end of November (a 150,000 unit increase), meaning many dealerships will go into the final weeks of the year with at least a 30-day supply of fresh inventory. Read More FROM AP NEWS: A slowdown in U.S….
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FROM AUTOMOTIVE NEWS: Incentives not likely to break 5% until 2024 For years, incentive spending would make up between 8% and 10% of a new vehicle’s sticker price. Now, incentive spending has dipped to only 2.3%. Consumer incentives are hardly expected to rise as long as inventory supplies remain low. Read More FROM CNBC: Ford…
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FROM COX AUTOMOTIVE: November new-vehicle sales expected to jump 10.8% year over year, as inventory levels continue to improve New-vehicle sales forecasts are predicting significant spikes this month, specifically for compact SUVs, mid-size cars, and compact cars. Dealers started November with the highest inventory levels since May 2021, an average supply of 49 days. Read…
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FROM REUTERS: U.S. new vehicle sales to be flat in November amid high interest rate Monthly retail sales are expected to shift just -0.3% from November 2021. For the over 933,000 units sold this month, the average finance payment is up 7.2% year-over-year. Read More FROM WARDSAUTO: Skyrocketing auto sales coming back to earth How…
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FROM J.D. POWER: Lack of new-vehicle inventory has notable effect on sales satisfaction The shoppers have spoken: Consumer opinions on the new-vehicle buying process have worsened for the first time in 10 years. Opinions on price fairness and inventory availability have been trending downwards for some time. Read More FROM CONSUMER REPORTS: Who makes the…
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