The Retention Index increased again during June to 191.5 points, even as we saw weakening consumer demand.
BYD sold 638,157 electric or plug-in hybrid passenger vehicles in the first six months of 2022 compared to 564,743 from Tesla.
Ford Motor Co. reported nearly a 32% increase in U.S. sales in June, as it improved truck and SUV deliveries and rolled out an all-electric pickup.
A recession won’t affect U.S. auto dealers and manufacturers until the 12- to 18-month range, says Jonathan Smoke, chief economist-Cox Automotive.
This June, ZeroSum data shows that new vehicle inventory levels remain flat, while used vehicle inventory decreased almost two percent.
Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing, according to Black Book.
Join Automotive Compliance Education, Aug. 7–9, for an agenda dedicated to increasing sales, F&I and efficiencies within the dealership, with an eye towards doing things compliantly.
Analysts forecast production of about 14.7 million cars and trucks this year in North America, an increase of 12.5% vs. 2021.
According to the Cox Automotive June sales forecast, the seasonally adjusted annual rate (SAAR) of new-vehicle sales this month is expected to hit 13.8 million, up from last month’s 12.7 million pace but well below last year’s 15.5 million level.
Buick ranks highest overall in J.D. Power Initial Quality Study; Genesis ranks highest among Premium Brands.
The FTC hopes the proposed rule will save consumers time and money and ensure a level playing field for honest dealers.
For the first time since the week of April 18th, the overall market reported softening last week.
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