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Used wholesale and retail prices are starting to stabilize in July (although at a remarkably high plateau), but new car sales are still on a rollercoaster as the chip shortage is finally showing up in the new sales numbers.
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Key findings show increased optimism, revenues and customer counts, and a decrease in the negative effects of COVID.
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AutoNation predicts demand for new vehicles will continue into next year, as low-interest rates and robust demand helped the retailer boost quarterly earnings estimates.
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A Trump-era USMCA interpretation could subject used vehicles shipped to the U.S. to import fees.
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CULA posted its 9th consecutive record month, with more leases processed in May and June than in any other months in its history.
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Company launched in anticipation of surge in electric vehicle sales.
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New Dealerware developer platform launches to enable powerful, integrated, single-screen solutions for dealerships, dealer groups, OEMs, and ecosystem partners.
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The frenzied sales fever that pushed new car sales to record heights is cooling, with demand for pre-owned vehicles returning to more normal levels.
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Appraisal service helps dealers acquire used car inventory direct from consumer driveways.
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Lexus and Subaru rank highest for third consecutive year.
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