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 AUTOMOTIVE NEWS: Could Hot Used-Vehicle Market Lead to Burns? Dealers continue to get creative with used vehicle acquisition. However, analysts are skeptical of the long term impacts the new car shortage might have on used inventory levels. Read More FROM THE WALL STREET JOURNAL: Rolls-Royce, Bentley, BMW Sales Surge as Cheaper Brands Lag Behind…
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FROM BLOOMBERG: Auto Dealers See U.S. Sales Edging up 3.4% As Shortages Continue Dealership inventories were down 59% last month and are expected to stay low, only leaving room for a predicted 15.4 million vehicle sales this year. Read More FROM REUTERS: U.S. Hybrid Electric Car Sales Hit Record Highs Hybrid vehicles, the more approachable…
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FROM AUTOMOTIVE NEWS: December U.S. Auto Sales: Toyota, Honda, Hyundai, Kia Slide Again; GM Skids 43% In Q4 Both the final quarter and month of 2021 saw over 20% decreases in light vehicle sales, with the majority of automakers following suit. Year over year sales, however, fared a bit more optimistically. Read More FROM REUTERS:…
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FROM AUTOMOTIVE NEWS: Sales on Pace to Fall Again in Dec.; Retail Stockpiles Continue Slow Recovery Both retail sales and new car deliveries are predicted to dip year-over-year, putting December’s SAAR somewhere between 11 and 13 million units. Transaction prices, however, are trending in the opposite direction, jumping 20% since 2020. Read More FROM BLOOMBERG:…
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FROM WARDSAUTO: 2022 Forecast Calls for 15.5 Million U.S. Sales, up 2.7% Analysts expect it will take at least 3 more years before light-vehicle sales exceed 17 million units again. Luckily, it should take less time for new-vehicle production to reach pre-pandemic levels. Read More FROM AUTOMOTIVE NEWS: Buy-Sell Frenzy Set to Continue Into 2022…
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FROM REUTERS: Toyota Says It Will Build Record 800,000 Vehicles in January The automaker is planning to kick off 2022 with record-setting production, forecasting an output of over 60,000 more vehicles than in January of this year. Read More FROM JUST AUTO: 2022 and the Global Sales Picture The global automotive market is predicted to…
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