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 FORBES: Huge Increase in March Auto Sales, Since Sales Cratered a Year Ago Vehicle sales are up over 40% from when they first started to slip in the spring of 2020, and average transaction prices are expected to hit yet another record high. Read More FROM ABC NEWS: More Consumers Are Shopping…
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FROM AUTO REMARKETING: Used Luxury Vehicles Selling Quickly The luxury segment continues to bolster used car demand, with the average days to sell only slowing slightly month over month from 38.9 to 42 days. Read More FROM THE WALL STREET JOURNAL: Auto Dealerships Can’t Keep Up With New Models. The Global Chip Shortage Is…
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FROM AUTOMOTIVE NEWS: Inventory up, but Still Leaner Than Pre-COVID The industry kicked off March with a 78-day inventory supply, around 2.82 unsold units – a slight increase from February, but a notable decrease from the year prior. Read More FROM THE NEW YORK TIMES: Electric Cars Are Coming. How Long Until They…
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FROM CAR AND DRIVER: Seat Foam Shortage Could Cut Car Production After a series of production hits, OEMs are keeping a close eye on the foam shortage that could slow interior manufacturing in the weeks to come. Read More FROM THE WALL STREET JOURNAL: Electric Vehicles Are the U.S. Auto Industry’s Future—if Dealers…
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FROM AUTOMOTIVE NEWS: Dealer Profits Surge 48% to Record in a ‘Unique’ 2020 The major jump in net profits was the result of operational streamlining that cut waste and expedited the sales process. Read More FROM NBC NEWS: Volvo to Sell All Its Cars Online, in Latest Example of How the Pandemic Has Reshaped…
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