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 AUTO REMARKETING: Vehicle Population Rises, as Does Vehicle Age As of January 1st, 2022, the average age of light vehicles in operation has risen consecutively for five years, reaching a record age of 12.2 years. Inventory disruption and the global microchip shortage are key contributors. Read More FROM CBT NEWS: Top 6 Car Sales…
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FROM AUTO NEWS: Texas U.S. Leader in Dealership Acquisitions In 2021, Texas led both in the number of buy-sell transactions completed and the number of individual dealerships in the state sold. Of the 382 transactions, 34 were in Texas and involved the sale of 63 dealerships. Read More FROM WARDS AUTO: Successful Dealers Mix In-Person,…
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FROM CNBC: Used-Car Prices Are Down From Record Highs, Easing the Impact of Inflation The worst of sky-high prices may be behind us – with wholesale prices showing signs of decline for three consecutive months after a long stretch of record elevation last year. Read More FROM WARDS AUTO: Tougher Emissions, Fuel-Economy Rules Challenge Automakers…
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FROM AUTOMOTIVE NEWS: Toyota, Ford, Honda, Hyundai, Kia Sales Fall by Double Digits Again as Chip Woes Linger For reporting OEMs, light-vehicle sales dipped a collective 25.9% in April. As predicted, SAAR will sit anywhere between 14.3 and 14.8 million units for the month, not exceeding 15 million since January and last July. Read More…
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FROM REUTERS: U.S. Auto Sales to Fall in April on Tight Inventories, Rising Rates April new vehicle sales could dip over 20% year over year as fewer than 900,000 units currently sit on dealership lots. SAAR is expected to slip to 14.5 million units as the month comes to a close. Read More FROM FORBES:…
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FROM REUTERS: Autos Rebound Fuels U.S. Manufacturing Output Gain in March Automotive parts and vehicle production increased 7.8% in March, the largest industry increase since fall 2021. Healthy automotive output benefits both national manufacturing levels and the economy as a whole. Read More FROM WALL STREET JOURNAL: Car Prices Expected to Remain Elevated in 2022,…
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