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.
Kick your feet up and read this week’s automotive advancements. Major manufacturers are starting to operate at 90%, and in-person auctions have reopened their doors. Plus, read why auto leases can’t quite make a comeback. FROM REUTERS: Toyota Sees July Vehicle Output Down 10% on Initial Plan The Japanese automaker expects to globally output…
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Don’t be afraid to dive right into these automotive advancements. Shoppers are headed back to dealerships and manufacturers are getting back to pre-COVID levels. Plus, read about the highs and lows dealers are facing at auction. FROM BLOOMBERG: Americans Return to Car Dealers, Thwarting Expected Shift Online At the end of May, 81% of…
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Sunny skies ahead for CPO sales, U.S. consumer spending, and used-car prices! Plus, read how automakers are working to avoid another production storm cloud. FROM AUTO REMARKETING: CPO Vehicle Sales Show Dramatic Gain From April 2020 started off as another record year for CPO sales. Now, thanks to an 87% month over month rise…
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This week we’re proud of May sales progress, factories powering through summer shutdowns, a new age of virtual selling, and the rising stars shaping the industry. FROM CAR AND DRIVER: Auto Sales in May Show Slow Recovery as States Reopen Analysts predict May saw a 32.5% industry-wide sales decrease, with all reporting brands continuing…
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NO BETTER TIME FOR CHANGE I started writing this before the whole COVID-19 thing started, which meant that I was going to start with something like, “Can you remember how you measured success before the onslaught of data and the dominance of third party online advertising?” But, honestly right now I’m having a hard time…
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This week’s super advancements include used car sales predictions, OEM factory updates, and the outbreak’s impact on EVs. Plus, the trailing effects of the struggling rental industry. FROM AUTO REMARKETING: Tailwinds Abound, Used-Car Sales Likely to Double April Figures With some major markets still slow to recover, used vehicle sales are predicted to double…
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