Black Book and Fitch Ratings just unveiled their latest joint depreciation report, taking an in-depth look at car and truck segment depreciation trends in 2021, as well as our outlook and forecast for depreciation in 2022.
BMW will reach the higher end of its 7-9% margin target for its vehicle business and will see slight sales growth in 2023, forecasted CFO Nicolas Peter in a roundtable this week.
Customers in select regions can now schedule an in-person Alexa guided test drive of VW’s ID.4 SUV.
Former Nissan store ad executive arrested. Prosecutors say he established shell companies to hide crimes.
Toyota Motor Corp. announced plans to produce 800,000 vehicles worldwide in October, 100,000 vehicles short of its average monthly production plan.
Soft pulls can strengthen consumer confidence and trust in making the right decision, and since they aren’t locked into anything, they can resume shopping and even assess varying price ranges.
The wholesale market continued its decline last week, with the rate of decline remaining consistent with the past seven weeks.
Autonomy’s EV Market Report highlights the major players, the challenges, the trends, and more in the global transition to electric vehicles.
Ongoing shortage forcing brands to trim production, especially in North America.
The price of lithium carbonate, a key EV battery component, has tripled over past year as demand spikes.
Revised law approved by voters in 2020 was intended to enable independent repair shops to diagnose, repair vehicles, not just dealers.
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.
Two days of bargaining produce no agreement after employees complain about HVAC system and other concerns.
Service contract sales can happen in the service lane when dealers tap into this potential, says Jim Fisher, assistant vice president of Dealer Programs for AGWS.
Automakers have shifted to selling vehicles with better profit margins in the U.S. as supply chain shortages and shipping concerns dampen production.
