NADA: October New Light-Vehicle Sales Up Nearly 10% from September
New light-vehicle sales in October 2022 totaled a SAAR of 14.9 million units, the second-highest monthly total this year.
New light-vehicle sales in October 2022 totaled a SAAR of 14.9 million units, the second-highest monthly total this year.
Soaring material and parts costs offset benefits gained from a plunging Japanese yen and production rebound.
The steps Ford is taking now to cut costs and boost revenue could pay off in big dividends in the future.
Repossessions are beginning to show up in the market and with fuel prices returning to a level last seen in February of this year, the Car segment valuations are taking the hardest hit.
Cox Automotive believes the likely range of severely damaged vehicles that could need replacement is between 30,000 and 70,000 vehicles.
These challenges were designed to give F&I and sales professionals an opportunity to showcase their skills to the DealerTech Summit and Industry Summit audience.
An economic downturn could put all automaker’s, even those making luxury autos, earnings to the test.
Sales into large fleets, not including sales into dealer and manufacturer fleets, decreased 4.6% month over month in September to 122,586 units, according to an early estimate from Cox Automotive.
New light-vehicle sales in September 2022 totaled a SAAR of 13.5 million units, up 9.6% from a year ago.
$300 million suit claims carmaker violated state franchise law by withholding inventory.
The market continued its descent last week, with the level of decline still exceeding what is typically experienced this time of year.
Cox Automotive's quarterly review allows us to see how the market has progressed compared to expectations.
September U.S. auto sales, when confirmed next week, are expected to show a new-vehicle market mostly unchanged from previous months and still stuck in low gear.
The U.S. Transportation Department (USDOT) has approved electric vehicle (EV) charging station plans for all 50 states, Washington D.C. and Puerto Rico.
A J.D. Power brand loyalty study finds most car buyers return to the same brand when trading in their used vehicles.
