Black Book August’s Used Vehicle Retention Index Increased Again After a Brief Break in July
The seasonally adjusted Retention Index increased to 165.7 points, barely missing another record.
The seasonally adjusted Retention Index increased to 165.7 points, barely missing another record.
August will be a fourth consecutive month of slowing sales and looks to be coming in even lower than our forecast of 1.2 million, a 9% decline from August 2020.
As younger generations of early tech adopters continue entering the car-buying market, we can expect interest in EVs to continue growing.
Inventory-constrained Toyota held on to the top spot for shopping consideration, but Ford narrowed the gap in the second quarter despite its own supply challenges.
Risk management tool intended to help dealership industry reduce large losses.
The overall market continued to decline this past week, but the rate of depreciation lessened, and some segments reported positive pricing movement.
Florida dealership sold to Morgan Auto Group, marking the 121st Kerrigan-led dealership sale since 2014.
Lease credit approvals reached 70.0% in July; Up from 67.6% in June.
Giving your employees both the tools and authority are vital components of the delegation process.
New partnership to enhance GPS security options.
DealerPeak feels well positioned to help dealerships bring customers back to lots as sales recover from the chip shortage this summer and bolster their service business as retail demand wanes.
Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
As dealers are in the thick of a busy car buying season, complementing high-quality customer service with digital solutions can be a promising force in their journey to make one of the biggest purchases of their lives.
Independent dealers are securing sought-after vehicles despite tight inventory.
Brands with unfavorable lease policies continue to see lower brand loyalty.
