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%…
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FROM CAR AND DRIVER: Honda Now Offers a More Affordable Used Car Lineup Online As the first major brand to add non-certified pre-owned vehicles to its online offerings, Honda hopes to build brand loyalty with a younger generation by selling models under 10 years old with less than 100,000 miles. Read More FROM WARDSAUTO:…
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FROM CAR AND DRIVER: November New-Vehicle Sales Dip Amid Fewer Selling Days, but Recovery Goes On Analysts predict new vehicle sales have dipped around 14.6%. This number is closer to 3.5% when November’s three-fewer selling days are taken into account. Read More FROM THE WALL STREET JOURNAL: Cars Are Going Digital, but Detroit Has…
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FROM AUTO REMARKETING: Used-Car Sales Appear to Slow in November The used car craze has officially cooled off, with sales dipping around 11% month over month. Analysts predict new vehicles will once again be the star this holiday weekend. Read More FROM THE WALL STREET JOURNAL: Dealer Lots Have Fewer Cars—and the Industry Likes…
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FROM J.D.POWER: Dealerships’ Responses to COVID-19 and the Lasting Impression on New Vehicle Buyers According to a recent study, customers satisfied with their dealership’s COVID response are 3x more likely to return with their service and sales needs, whereas dealerships with unsatisfied customers can expect to lose out on future business. Read More FROM…
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FROM WARDSAUTO: Today’s Car Dealership Customers Want More – and Get It Dealership dynamics are shifting as consumers become more knowledgeable about their purchases. Many still prefer in-person shopping, but today’s prospects are seeking an elevated buying experience. Read More FROM REUTERS: Nissan Plots Digital Course for Car Sales in a Post-Pandemic World Nissan’s…
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FROM BLOOMBERG: Ford’s October Sales Fall as F-150 Factory Retooling Takes Toll Ford has made a return to monthly sales reporting, posting a 6.1% decline in October. Although the automaker fell victim to underwhelming truck sales, the industry as a whole saw a 1% total sales gain. Read More FROM CNBC: What a…
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