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: Storms Send Car Sales Sliding Down in February Total new vehicle sales may have dipped up to 7.6% this month as winter weather surged across the country. Read More FROM CAR AND DRIVER: Here Are All the Promises Automakers Have Made About Electric Cars What’s your OEM saying about EVs? Check out…
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FROM AUTO REMARKETING: In January, These Used Vehicles Flew off the Lots It took the average used vehicle 38.9 days to sell last month, but keep an eye on low-inventory models and in-demand SUVs that are selling up to 30% faster. Read More FROM BUSINESS INSIDER: Here Are Some of the Car Models…
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FROM CAR AND DRIVER: People Still Buying Lots of SUVs and Crossovers, Sales Numbers Show Across most major brands, January new car sales were bolstered heavily by successful SUV and light truck models, while many cars continued to dip in popularity. Read More FROM WARDSAUTO: Car Dealers Called ‘Bulletproof Band of Brothers and…
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FROM AUTO REMARKETING: These 2020 Vehicles Show the Most Remaining Inventory Many domestic brands have high levels of lingering 2020 inventory, and dealers may once again see vehicle surpluses as OEMs continue to roll out delayed 2021 models. Read More FROM BLOOMBERG: Personal Cars Are Spared From Transport Plunge Personal car usage is…
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FROM BLOOMBERG: Carmakers Face $61 Billion Sales Hit From Pandemic Chip Shortage The recent delay in semiconductor production is expected to cut global automotive manufacturing by 3% in Q1. This delay could become costly as in-unit electronics make up nearly 40% of a car’s value. Read More FROM CDO TRENDS: The Impact of…
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FROM CAR AND DRIVER: Fiat Chrysler and PSA Group Are Now Stellantis The world’s fourth-largest auto group will be focused on electrification and improving the global reputations of its 14 unique brands. Read More FROM AUTO REMARKETING: The Driveway Becomes the Dealer Lot: Trend to Continue in 2021 Consumer surveys have proven that…
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