See the top headlines! Catch up on the automotive industry’s latest news to plan for your dealership’s continued success.
🗞️ Industry roundup: FROM WARDS AUTO: Most automakers anticipate bright 2025 U.S. light vehicle sales reached over 15.8 million units in 2024, up 2.2% year-over-year and the highest recorded year of sales since 2019. GM and Ford maintained healthy sales increases, while Stellantis took a 20% hit. Many brands saw major double digit sales gains…
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🗞️ Industry roundup: FROM REUTERS: U.S. retail sales showcase economy’s enduring strength Retail sales across the nation grew 0.7% month-over-month in November, exceeding forecasts by 0.2% and showing strength in the consumer market. This growth was bolstered by a 2.6% increase in auto dealership sales and a 1.8% increase in online retail sales ahead of…
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🗞️ Industry roundup: FROM WARDSAUTO: Retail ride still bumpy, but good news is ahead November 2024 marked strong new-vehicle sales, with a 6.7% YoY increase and consumer spending reaching nearly $50 billion, a record for the month. However, rising inventory levels and deeper discounts have driven down average transaction prices and dealer profits, with per-unit…
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🗞️ Industry roundup: FROM J.D. POWER: Inventory and pricing drive gains in sales satisfaction but other areas have modest improvement, J.D. Power finds Customer satisfaction with the vehicle purchase process rose to 801 on J.D. Power’s 1,000-point scale, up from 793 last year, according to the 2024 U.S. Sales Satisfaction Index (SSI) Study. Improved inventory…
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.
Luckily, this week has an extra day of automotive advancements. Read while brands and models are topping the dependability charts, and why dealers can benefit from stocking new and used inventory. Plus, the growing impact of coronavirus. FROM WARDSAUTO: Car Dealers Who Sell Both New, Used Vehicles Trusted Most Shoppers depend on dealers to…
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Get lost in the biggest takeaways from NADA 2020, including the future of franchise dealerships, the need for millennial shoppers, and a message from Mary Barra. Plus, advice from the nation’s top CPO dealers. FROM AUTOMOTIVE NEWS: Incoming NADA Chairman: ‘Dealers Thrive on Disruption’ The leader of the National Automobile Dealers Association comforted show…
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Can you feel the automotive advancements in the air? This week, read why auto production is temporarily on the rocks and why EVs are finally earning some love. Plus, see which dealer is the apple of Ford’s eye. FROM CBT NEWS: Ford Dealer in Town of 700 Finishes 33rd in the Nation LotLinx friends…
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And the award for best automotive advancements goes to…industry-wide January sales gains, the EV ads that dominated the Super Bowl, and the fight to save sedans. FROM AUTOMOTIVE NEWS: Light Trucks Drive Toyota, Hyundai, Subaru, Kia to Gains January resulted in industry-wide gains for every reporting manufacturer aside from American Honda thanks to strong demand…
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Checkmate! The industry is making moves this week with dealers heading back out to auction and major OEMs committing to EV development. Plus, take a look at the models you should and shouldn’t have on your used car lot. FROM AUTO REMARKETING: Balmy January Creates Early Signs of Spring Market Unpredictable weather across the country…
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This week’s automotive advancements are packing a punch. Read why subscription services might not be the underdog for long and why CPO sales are aiming for a record-breaking decade. Plus, why Tesla continues to hold the heavyweight title in the EV market. FROM AUTOMOTIVE NEWS: 2020 Predictions on Subscription Services, U.S. Sales Analysts expect consumers…
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