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%…
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FROM CAR AND DRIVER: Gas Prices Drop Two Weeks in a Row, and Now E15 Gas Will Be Allowed Over Summer Gas prices have begun a consistent decline from March’s $4.326 per gallon peak. The U.S. government is now releasing oil reserves and allowing previously-regulated ethanol sales to combat fluctuating barrel prices. Read More FROM…
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FROM REUTERS: U.S. Auto Sales Slide in Q1, Toyota Outsells GM National light vehicle sales were down 15.7% quarter over quarter. A handful of brands saw declines over 20%, while brands like Toyota, with a number of electric offerings, saw more favorable results. View sales results from every reporting OEM here. Read More FROM CAR…
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FROM BLOOMBERG: MSRPs Have a Whole New Meaning in Upside-Down U.S. Car Market Manufacturer suggested retail prices are now the starting point for new vehicle transactions, with many dealers tacking on additional fees. In 2012, only 6% of vehicles had MSRPs above $50,000. In the last ten years, that number has risen to over 30%….
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FROM JUST AUTO: U.S. Light Vehicle Market Forecast Slashed Analysts have cut annual sales predictions by 600,000 units, changing the outlook from 15.9 to 15.3 million units. Dealer inventories remain fairly flat month over month, meaning major increases are unlikely at this time. Read More FROM BLOOMBERG: Why Nearly Empty Auto Lots Make This Pump-Price…
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FROM AUTOMOTIVE NEWS: U.S. Dealership Sales Set a New Record in 2021 Franchised dealerships have seen a $153 billion sales increase since 2019 due to inflated transaction prices. While many analysts expect prices to peak eventually, few believe they’ll ever return to pre-pandemic levels. Read More FROM REUTERS: Europe’s Carmakers Scramble to Replace Ukrainian Auto…
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FROM COX AUTOMOTIVE: Signs of Optimism Among U.S. Automobile Dealers Despite a Slow Start to the Year Dealer sentiment has slipped slightly but remains in positive territory this quarter. Feelings toward new-car sales and the market outlook have improved, while inventory levels are still a top stressor. Read More FROM NADA: Women Are the Backbone…
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