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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Back to work, back to sales, back to automotive advancements! Read about factory reopenings and how midsize pickups shot to the number one sales spot. Plus, Memorial Day predictions. FROM WARDSAUTO: Midsize Pickups Auto Industry’s New MVPs Retail sales have improved for six consecutive weeks with midsize pickups leading the recovering vehicle segments. Monthly…
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This week is wide open for auto advancements! OEMs are prepping to reopen factories and putting in their sales predictions for the fiscal year. Meanwhile, cars are seeing a spike in popularity as commuters continue social distancing. FROM REUTERS: U.S. Auto Industry Workers Return to Jobs Amid Concerns of Second Virus Wave With the…
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Automotive advancements are in bloom. Discounts, pickup sales, and a big return to auction have dealers excited for the weeks to come. FROM WALL STREET JOURNAL: U.S. Auto Sales Plunged in April, but Signs of Hope Are Seen Even with April sales declines at 40-50%, the industry feels positive about the pace last month…
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Everyone’s talking about May! This week’s automotive advancements are gearing up for next month’s plant reopenings, the gradual upswing of new and used sales, and day-to-day business restructures. FROM AUTOMOTIVE NEWS: Auto Sales Show Signs of Recovery, J.D. Power Says According to new data, the coronavirus’ impact on retail sales has already started to…
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This week’s industry advancements are in full bloom. Read how factory closures are impacting global output, and why UAW health concerns could delay U.S. reopenings. Plus, a big win for auto sales operations. FROM BLOOMBERG: Auto Sales Are Added to U.S. Guidelines on Essential Workers Thanks to lobbying efforts from dealer associations and major…
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This week’s automotive advancements aren’t playing games. Check out which OEMs are taking one for the team, and how dealers are reevaluating their strategies. Plus, how Chinese dealerships are starting to bounce back post-COVID-19. FROM REUTERS: Volkswagen Offers Cars for Relief Efforts in U.S. Virus-Hit Regions The manufacturer is offering its U.S. loaner fleet…
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