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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Problems solved by this week’s automotive advancements: loan terms combat rising vehicle prices, the rebounding industry eases dealer sentiments, and used cars keep consumers afloat. FROM WARDSAUTO: Vehicle Prices Rise, Loan Payments Barely Budge As prices rise, budget-conscious consumers continue to stretch their loan terms in order to maintain manageable monthly payments. The percentage…
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This week’s automotive advancements are working overtime. Read how August sales numbers persevered and why shoppers are increasing their time on mobile. Plus, what to expect this Labor Day weekend. FROM CAR AND DRIVER: Auto Sales Improved in August, Still Not at Last Year’s Levels August saw an 11% year over year sales decline…
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It’s time to read up on this week’s auto advancements. Brush up on luxury sales expectations, the changing importance of test drives, and the future of AI in automotive. FROM CBT NEWS: Luxury Vehicle Sales Expected to Rebound From Depression Last quarter, luxury sales hit their lowest levels in two years, but analysts are…
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This week’s auto advancement countdown: vital auto and parts manufacturing, climbing used trade-in values, diminishing car demand, and firsthand dealer accounts. FROM REUTERS: U.S. Manufacturing Output Rises Strongly in July, but Still Below Pre-Pandemic Levels A 28.3% July increase in motor vehicle and parts production has played a major role in boosting national output….
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This week’s auto advancements give kudos to the businesses keeping the industry on track. Plus, some positivity from major OEMs and intel on new car price trends. FROM AUTO REMARKETING: Power 300 This year’s Power 300 list outlines the companies and services dealers and industry professionals have relied on to maintain success during these…
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This week’s automotive advancements are lending a helping hand. Get the latest on July sales numbers, the race toward online retailing, and the most in-demand used vehicles. Plus, a look at the heroes of COVID pandemic. FROM CAR AND DRIVER: Hyundai and Mazda Up, Toyota and Honda Down as U.S. Auto Sales Show Mixed…
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