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: Auto Industry Leaders Fully Expect a Major Shift in Retailing A recent survey explores automotive executives’ predictions for the future of industry sales profitability, specifically online and factory-direct retailing. Read More FROM U.S. NEWS: Stellantis Wants to Outfit Cars With AI to Drive Up Revenue Automakers are looking to expand their product…
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FROM AUTOMOTIVE NEWS: Toyota, Hyundai, Kia Sales Fall 4th Straight Month As November numbers trickle in, analysts are predicting an 11-12% drop in light-vehicle sales year over year. A slight increase from October should put SAAR between 13.4 and 13.7 million units. Read More FROM BUSINESS INSIDER: Ford Is on Track to Sell More Electric…
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FROM REUTERS: ‘December to Forget’: Automakers, Retailers Cut TV Ads Amid Supply Chain Woes Automakers will be paring down their traditional holiday advertisements this winter due to limited inventory levels. Digital and TV advertising have already dipped 10% and 5% respectively in prior months. Read More FROM CAR AND DRIVER: Here Are Features Some New…
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FROM AUTO REMARKETING: New Leader Atop List of Fastest-Selling Used Vehicles Hybrids, Hondas, and Toyotas make up a significant portion of the fastest-selling used vehicles on the market, with many turning in under 25 days on lot. Read More FROM AUTOMOTIVE NEWS: How the Infrastructure Bill Will Impact the Auto Industry The recently approved…
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FROM AUTOMOTIVE NEWS: Ford, Toyota, Honda, Hyundai, Kia Sales Slip Again Last month, reporting OEMs saw a 17.4% dip in year over year sales, leaving SAAR at around 13.2 million units. New inventory levels continued to sit below 1 million, with units taking only 20 days to sell on average. Read More FROM WARDSAUTO:…
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FROM BLOOMBERG: Chip Lead Times Begin to Slow, Suggesting Shortages Have Peaked Semiconductor lead times have seen their smallest increase yet this month. The average time between order and delivery is around 21.9 weeks – only a .2 increase from September, or about one day. Read More FROM WARDSAUTO: Exec Says GM Won’t Return…
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