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The U.S. Senate passed a $1 trillion infrastructure bill on a bipartisan 69-30 vote. The vote came after months of negotiations and debate.
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Growing numbers of car buyers looking to insure their investment against problems down the road.
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Independent dealers are securing sought-after vehicles despite tight inventory.
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Brands with unfavorable lease policies continue to see lower brand loyalty.
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Despite the limited inventory on dealer lots, dealer lanes continue to have higher volume at auction, while manufacturers’ remarketing lanes are offering less and less in open sales channels.
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Today, few auto retailers accept cryptocurrency as payment, but experts predict that could soon change.
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LMC Automotive expects the semiconductor shortage to cut production in North America by about 452,000 units over the remaining months. The company also expects the chip shortage to impact production by about 1.5 million units.
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Toyota Motor Corp. and Honda Motor Co. warn of continued chip supply and parts disruptions as COVID-19 surges again across the globe.
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Last month we noted that the record run of value increases we have seen over the past 18 months appeared to be slowing down and possibly ending.
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As wholesale prices started to decline in July, the seasonally adjusted Retention Index reversed the trend for the first time this year and decrease to 161.8 points.
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