The Estimated Average Weekly Sales Rate remains at 65%.
Dodge plans to offer seven low-volume "heritage-influenced" versions of the Charger and Challenger at certain dealerships before it ends their production.
The U.S. Court of Appeals for the District of Columbia has rejected a legal challenge to a decision to shift part of the 5.9-GHz band spectrum block from auto safety to wireless devices.
Year to date, the total used market is currently on pace to finish the year down more than 12% from the 40.6 million recorded in 2021.
According to industry experts, the automotive industry is facing upwards of thousands of synthetic identity issues every month, possibly accounting for $1.2 billion in fraud alone.
The Company anticipates that the expected closing of the sale will occur in October of this year.
According to Kelley Blue Book, new-vehicle buyers remain in an “over sticker” market, paying above MSRP every month this year.
On a volume-weighted basis, the overall Car segment decreased -0.92%. For reference, the previous week, cars decreased by -0.91%.
Two members of the U.S. House of Representatives have launched a bipartisan effort to spur legislative efforts that support self-driving vehicles.
New-vehicle sales were up slightly in July from June but remain low at a 13.3 million seasonally adjusted rate of sales.
Automakers blame tightened inventories for double-digit sales declines, but warn higher interest rates, gas prices and rising inflation will push buyers out of the market.
Major automakers say the $430 billion bill approved Sunday by the U.S. Senate will put the brakes on achieving U.S. electric-vehicle adoption targets for 2030.
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