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 U.S. NEWS: There’s Nothing ‘Normal’ About Labor Day 2021 The end-of-summer holiday normally signals a return to routine, but this year’s long weekend hinted at decreases in travel, manufacturing output, and economic growth Read More FROM AUTOMOTIVE NEWS: Customers Lose Patience as Chip Crisis Shows No Signs of Letting Up GM, Ford,…
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FROM AUTOMOTIVE NEWS: Toyota, Hyundai, Kia Sales Slip in August as Chip Woes Spread Analysts predict light-vehicle sales have fallen anywhere between 4 and 18 percent in August, and SAAR now sits between 13.1 and 14.4 million units. Meanwhile, average transaction prices continue to rise for most major OEMs. Read More FROM THE…
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FROM BLOOMBERG: Chip Crisis Threatens to Cut Auto Output by 7.1 Million Cars Pandemic-related lockdowns in Southeast Asia are worsening the semiconductor shortage and cutting auto output by nearly 2.1 million units this quarter. Now, chip production is not expected to level out until Q2 2022. Read More FROM AUTOMOTIVE NEWS: Now It’s…
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FROM AUTOMOTIVE NEWS: Dealership Throughput Set to Rebound in 2021 A recent study predicts the average dealership throughput will be close to 910 units this year, a dip from the mid-2010s but a 100 vehicle increase from 2020’s plummet. The number of new dealership rooftops also rose year over year. Read More FROM…
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FROM REUTERS: Inflation Risk or Profit Engine? High Car Prices Are Both Dealers are relishing the increase in both new and used car prices, grossing an average $4,200 per transaction. But, price inflation is impacting the country at large and could potentially isolate future consumers. Read More FROM AUTOMOTIVE NEWS: Senate Passes $1…
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FROM AUTOMOTIVE NEWS: Toyota, Hyundai, Kia, Mazda Post Double-Digit Gains as Stockpiles Keep Falling U.S. auto sales rose 5% in the month of July, while the SAAR dipped to 14.8 million units. Reporting OEMs saw a wide spectrum of gains and losses, with the average yearly change up 7.7%. Read More FROM REUTERS:…
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