Black Book: Weekly Market Insights
The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.
The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.
The loss leader in this equation was Toyota Motor Corp., which saw April sales volume fall 23%.
The automaker saw a Quarter One net income of $2.9 billion, just 2.7% lower than 2021, despite $2.5 billion in increased costs as global revenue rose 11%.
Toyota Motor Corp. is getting closer to using up a key U.S. tax credit for hybrid and electric vehicles, a situation company leaders say will raise its costs and hinder the adoption of climate-friendly cars.
Acquisition adds complementary product portfolio to Protective's asset protection division.
The automotive industry's most in-depth and longest-running study of its kind reveals what today's consumers want.
Inventory shortages have vehicle lessees re-evaluating their end-of-lease options.
Penske Automotive Group first quarter net income sored from $183.1 million year over year to $369.5 million.
Most categories of dealership service and parts businesses have recovered from COVID-19 shutdowns, especially customer-pay work.
General Motors has requested its suppliers to sign a pledge of carbon neutrality and commit to social responsibility programs and sustainable procurement practices.
The ongoing microchip supply shortage has caused automakers to trim 87,500 more vehicles from their production forecasts, reports AutoForecast Solutions.
The consistency of new vehicle inventory levels over the last six months suggests that the industry is readjusting to a ‘new normal’ level of inventory while increasing vehicle prices indicate low inventory levels continue to generate strong gross for dealers and profit for OEMs.
Even if you are a small or medium-sized dealer, it is worth your while to get a good understanding of reinsurance.
The team at Kelley Blue Book has assembled two broad reports from the first quarter: One is a look across industry-wide U.S. sales in Q1, the other a narrow review of electrified vehicle sales in the U.S., the combined sales of hybrids, plug-in hybrids and EVs.
To help car shoppers discern the best among all available new EVs, Autotrader has named the 10 Best Electric Vehicles for 2022.
Kelley Blue Book editors rank and comment on the 10 Best Back-to-School Cars for 2019, all starting at around $20,000 or less and still available on new-car lots.
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