Cox Automotive and LMC report new-vehicle inventories shrank to just over 915,000 in September and predict further shrinkage as production issues and supply shortages linger.
While it’s true that disruptors have taken some pre-owned market share from dealers, there is nothing these retail outlets are doing that dealerships can’t do even better.
Automakers hope to use 5G in big ways, such as downloading software updates on the go, updating digital maps, and sounding alerts about road conditions.
Automakers remain divided over the larger tax credit for EVs built in Union shops and other measures in the green energy plan.
Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
BMW is faring better than GM, and car dealers are coping better than component suppliers.
September new light-vehicle sales fell for the 5th consecutive month to a SAAR of 1.2 million units, reported the National Automobile Dealers Association (NADA).
The seasonally adjusted Retention Index increased to 169.5 points, hitting another record this year.
With the new digital tool, dealers can see a quick summary showcasing the average local wholesale transaction price and average mileage of a specific vehicle’s make, model, year and trim.
As we move into the Fall season, wholesale prices began to show a positive movement once again and reached the highest point of the year last week.
Asbury adds to the auto retail megadeals trend with its pending acquisition of Larry H. Miller Dealerships.
GM sales fall short of Toyota Motor Corp. over two consecutive quarters.
What’s your team capable of? If you think about it, the most powerful resource you have to build or grow your business are the people you pay to work with you — if you would just get out of their way and let them work.
Maybe resistance is not a definitive stance against you and what you are trying to do, but a desire to understand your thinking.
IHS Markit finds the average age of a car on U.S. roads rose to 12.1 years in 2021, up from 11.9 years in 2020. In comparison, the average age was 9.6 years in 2002.
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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