Black Book: Specialty Market Update
For the second month in a row, the average wholesale auction prices of all the major RV market segments declined.
For the second month in a row, the average wholesale auction prices of all the major RV market segments declined.
New NIADA Certified offers dealers more choices, higher standards, better technology, more ways to satisfy customers.
With consumer credit performance maintaining healthy levels across auto, credit card, personal loans and mortgages, lenders continued to ramp up new account origination growth in the non-prime segment of the market near the end of 2021.
The seasonally adjusted Retention Index moved up by 0.6% – the lowest rate of increase since July – reaching 197.0 points during the first month of 2022.
Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing.
Finding good salespeople has always been hard, but if you approach the market with an open mind, are clear with what you’re looking for, and ask the right questions during the interview, you will grow great sales teams.
Industry analysts predict U.S. auto retail sales will dip in January as manufacturing slows.
Kelley Blue Book has pulled out 10 interesting takeaways from last year’s market performance – a final look at 2021.
Weekly declines continued last week, but the rate of decline is still less than is typically experienced this time of year. Sellers are holding firm to floors, and we have yet to see conversion rates return to pre-holiday levels.
Three years of anonymized data across 600 rooftops shows exactly how post-sale marketing campaigns benefitted dealers.
The 12th annual Cox Automotive Car Buyer Journey Study reveals that overall car buying satisfaction remains at a near-record level, with the number of highly satisfied buyers higher than before the pandemic.
This collaboration equips APCO with a new and comprehensive F&I solution, diversifying its portfolio for dealers and car buyers nationwide.
The Cox Automotive Service Industry Study finds that as dealerships leverage technology to enhance the customer experience, they can capture more service market share.
The declines are continuing to close out the second week of 2022 with majority of segments reporting drops in valuations.
Moving into 2022, NADA anticipates new-vehicle sales of 15.4 million units – an increase of 3.4% from 2021.
