FROM COX AUTOMOTIVE: Wholesale used-vehicle prices see smaller decline in October
Wholesale used-vehicle prices saw another 2.2% dip last month, leaving prices 10.6% lower year-over-year. Luxury cars and SUV/CUVs saw the most significant price declines, 13.6% and 12.4% respectively.
FROM AUTOMOTIVE NEWS: EV registrations in U.S. rise 57% in September as Tesla rivals turn up pressure
Non-Tesla automakers have introduced 15 new EV models in the last two years, resulting in a 71% increase in registrations throughout the first nine months of this year. Total EV registrations have made up 5.2% of all new-vehicle sales in 2022.
FROM CNBC: Auto loan delinquencies rise as loan-accommodation programs end
The percentage of delinquent auto loans hit a decade-long high at the end of last quarter, nearly 1.65%. This number could continue to increase as more Americans experience issues with inflation and see their pandemic-era loan accommodations come to an end.
FROM NADA: Ready to serve: veterans bring skills, training to America’s auto dealerships
The retail automotive industry enables veterans to transfer their military skills into technical, leadership, and customer-facing roles within their local communities.
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