BLACK BOOK: Weekly Market Report
The Wholesale Weekly Price Index reached the highest point of the year last week once again, this time reporting over 1.51 points.
The Wholesale Weekly Price Index reached the highest point of the year last week once again, this time reporting over 1.51 points.
The "this is the way we've always done it" mindset infects every industry, and auto dealerships are not immune. Using PO systems and getting rid of checks is not a new idea, but it's been surprisingly slow to catch on.
The most recent Cox Automotive Dealer Sentiment Index indicates that more dealers feel that the automotive market is strong compared to the number who feel that the market is weak.
As we head into the last month of the year, used retail listings have stabilized around 16% below where we started the year.
The seasonally adjusted Retention Index increased to 189.9 points, reaching another record.
Experian’s "State of the Automotive Finance Market: Q3 2021" report finds delinquencies remain lower than pre-pandemic levels.
NextGear President Scott Maybee outlines three key areas for future opportunities and growth.
Days-to-turn for used retail listings have slightly increased and now sits just above 38 days, which is still lower than what is typically expected.
GWC Warranty customers now have the option to order an ASE-certified mobile mechanic to fix their vehicles at home, at work or on the road.
Positive momentum in auto retail and buy/sell market will continue in 2022, according to the recently-released 2021 Kerrigan Dealer Survey: 61% of dealerships expect an increase in their valuation, 79% expect profits to rise and 77% expect to acquire more dealerships over next 12 months.
While the majority of new car purchasers take their service needs elsewhere, know that the door to that business isn’t closed but wide open for dealerships.
Values aren’t showing any signs of slowing down, with most expecting this strength to last through the traditional Spring selling season.
The J.D. Power U.S. ALG Residual Value Awards are the automotive industry standard in recognizing vehicle models projected to hold the highest percentage of their manufacturer’s suggested retail price.
The Rivian value debate demonstrates how investors can be split into two categories: those that make decisions based on recognizing future themes and those that invest based on traditional financial performance metrics
The 2021 Cox Automotive Path to EV Adoption Study provides a look at the major consumer barriers that continue to slow EV adoption.
