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 AUTOMOTIVE NEWS: Hyundai, Kia, Mazda Generate February U.S. Gains; Ford Drops 21%; Toyota and Honda Fall Ford, Honda, and Volvo contributed significantly to an 11.7% drop in new vehicle sales last month. This dip set in motion a SAAR decline from 15.2 million in January to 14.4 million. Read More FROM NBC NEWS: Ukraine…
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FROM THE NEW YORK TIMES: Half of the Cars Arriving at Dealers Are Already Sold, AutoNation Says Despite a 20% dip in new vehicle sales last quarter, the country’s largest auto retailer saw a 14% revenue increase. Now, like many dealers, the group is having consumers pay deposits for new inventory before it ever arrives…
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FROM BLOOMBERG: U.S. Retail Sales Rise Most in 10 Months in Broad-Based Rebound National retail sales increased 3.8% last month, with the auto sector contributing a 5.7% boost. The improvement comes as a bit of a surprise following a -2.5% dip in December 2021. Read More FROM AUTOREMARKETING: Black Book Sees Something Cooking as Values…
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FROM THE WALL STREET JOURNAL: Ford and GM Warn Dealers to Stop Charging So Much for New Cars Over 82% of new vehicles purchased last month sold above MSRP. To discourage excessive price increases, OEM executives are hitting dealers with threats of withheld inventory and other repercussions. Read More FROM AUTOMOTIVE NEWS: Honda Wants to…
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FROM AUTOMOTIVE NEWS: U.S. Sales Slide 9% In Jan.; SAAR Tallies 15.2 Million While negative overall, January sales saw the smallest monthly dip since the initial decline last summer, and SAAR has reached its strongest level since June. Read More FROM WARDSAUTO: Analyst Sees No Quick Relief From New-Vehicle Shortages Dealership inventories ended the year…
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FROM AUTOMOTIVE NEWS: 2022 Auto Output Expected to Outpace Sales While light-vehicle sales might only grow 3% this year, production is expected to rise 16%. Analysts also predict another 2 million unit production increase in 2023 as sales reach 20 million units. Read More FROM BUSINESS INSIDER: Used Cars May Finally Get Cheaper This Year…
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