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.
Crack open this week’s automotive advancements for the latest updates on March sales and COVID-19 factory closures. Plus, how one clinic is seeing the sunny side of autonomous vehicles. FROM REUTERS: BMW Sees Demand Falling Further After First Quarter Sales Plunge Due to Coronavirus Many OEMs are reporting double digit Q1 sales decreases due…
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This week, don’t be caught off guard by the impacts of COVID-19. Read how dealers, vehicle sales, and customer satisfaction are adjusting to the virus, and how AI could push scientists closer to a vaccine. FROM WARDSAUTO: Car Dealers Tell What They’re Going Through Increasing state restrictions are forcing dealers to get creative with…
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This week, we’re keeping the faith. Read why NADA is speaking out about dealership closures, how OEMs are giving back to the medical community, and why social distancing might be a win for digital retailing. FROM REUTERS: Coronavirus Drags Car Dealers Into Digital Commerce Unprecedentedly, the rise of social distancing is challenging dealers to embrace…
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You don’t have to be in the office to read the latest automotive advancements. This week, get up to date on safety precautions from both dealerships and global manufacturers. Plus, why some consumers aren’t too keen on shopping from home. FROM REUTERS: Carmakers Curb European Production as Coronavirus Hits Major OEMs are taking steps to…
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Cheers to this week’s automotive advancements! Read about GM’s pot of EV gold, and why the luck of incentives saved February sales. Plus, can OEMs see a light at the end of the coronavirus tunnel? FROM AUTOMOTIVE NEWS: ‘Crazy’ Spiffs, Leap Year Lift Feb. Sales Last month, unprecedented incentives kept the market afloat and are…
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This week, read how the industry is toughening up against looming concerns. February saw sales gains for nearly every reporting OEM, while CPO numbers continue to set records. Plus, why car owners are winning the battle for mobility. FROM AUTOMOTIVE NEWS: Toyota, Honda, Hyundai Rack up Gains in Feb. President’s Day sales resulted in…
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