Black Book: Market Insights Report
The Estimated Average Weekly Sales Rate continued its descent, hitting 58% last week. The Estimated Average Weekly Sales Rate hasn’t been below 60% since February of 2021.
The Estimated Average Weekly Sales Rate continued its descent, hitting 58% last week. The Estimated Average Weekly Sales Rate hasn’t been below 60% since February of 2021.
Ford, BMW say recycled fishing netting going into some parts. BMW says the material has a 25% lower carbon footprint.
High-level delegations discuss how they can eat into Asia dominance in semiconductors and batteries for EVs
Napleton Auto Group topped the ranking, followed by Penske Automotive Group in the second spot, and Berkshire Hathaway Automotive in the third.
The report, based on Cox’s analysis of Motor Intelligence data, reported 211,609 CPO sales in August.
Europe, China and North America will each have two plants that will produce round lithium ion cells for BMW.
Japanese Industry Minister Yasutoshi Nishimura expressed concern that a new U.S. law on tax credits for electric vehicles may violate international law.
Automakers have shifted to selling vehicles with better profit margins in the U.S. as supply chain shortages and shipping concerns dampen production.
Sonic Automotive, Group 1 Automotive, the Lou Fusz Automotive Network, Barnes Crossing Auto Group, and Ed Morse Automotive Group all expanded their businesses recently.
U.S. auto dealers see market weakness driven by inflation, economic anxiety, and tight inventory.
Porsche SE, Volkswagen’s biggest shareholder, said it plans to scoop up 25 percent, plus one extra share, in carmaker Porsche AG voting stock when VW lists the sports car brand.
The Stellantis brand announced plans for half of U.S. sales and all European sales to be fully electric vehicles by 2030.
Gov. Gavin Newsom’s office tells reporters that the state’s power grid is on track to handle the influx of electric vehicles on California roads resulting from a new state ban on the sale of gasoline-powered cars here by 2035.
The market saw continued declines last week, with the overall rate of depreciation being consistent with what we have experienced over the last five weeks.
The Motor Industry Vehicle Board in New Hampshire ruled that Subaru of New England “unreasonably withheld consent of sale” of Prime Subaru Manchester to Group 1 Automotive Inc.
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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