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 THE WALL STREET JOURNAL: Selling Cars in the Era of the Chip Shortage: Online Chats and No More Haggling Although dealership employment has rebounded from pandemic lows, streamlined sales operations have allowed many dealerships to succeed with smaller workforces. Read More FROM AUTOMOTIVE NEWS: Recognizing the Best Dealerships to Work for in America…
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FROM AUTOMOTIVE NEWS: Why Cars Are on Track to Have Their First U.S. Sales Gain Since 2013 Car sales are up 8.2% year-to-date thanks to the lingering inventory on dealers’ lots. Automakers like Toyota are being rewarded for maintaining sedan production despite their decline in popularity. Read More FROM CAR AND DRIVER: Which New…
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FROM AUTOMOTIVE NEWS: Toyota, Ford, Honda, Hyundai Fall Again in Sept.; Chips Take Q3 Toll on GM, Stellantis Sales slipped again last quarter for nearly every major automaker, a 12.8% dip year over year. SAAR now sits at 12.3 million units for the year, while dealers average a 22-days supply of inventory. Read More …
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FROM AUTOMOTIVE NEWS: CPO Sales Rebound Amid New-Vehicle Shortage Many dealers have been opting out of the CPO process in order to expedite vehicle availability, only certifying about 30% of eligible inventory. However, increased CPO sales and turn rates might reiterate the value of certification. Read More FROM CAR AND DRIVE: Feds Taking a…
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FROM AUTOMOTIVE NEWS: Inventories Recover a Bit as Demand Moderates Sales are down 10% year over year, giving dealers some breathing room to build up inventories. Around 12,000 new units have entered the marketplace, bumping the average dealership supply to 31 days. Read More FROM FORTUNE: Chipmakers to Carmakers: Time to Get Out…
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FROM KELLEY BLUE BOOK: Average New Vehicle Price Sets Record for 5th Straight Month Nearly every major automaker saw an uptick in new vehicle transaction prices last month, a 9.6% increase across the industry, while incentive rates were slashed in half. Read More FROM THE WALL STREET JOURNAL: Chip Shortage Drives Tech Companies…
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