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New inventory is not expected to see improvement until the third quarter of this year, so values are expected to remain at elevated levels throughout the summer.
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Survey also reveals how changing advertising trends are reshaping which channels and tactics are driving more customers into showrooms.
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Phoenix Brand Effect has identified some key advertising learnings that can help EV brands break through this increasingly crowded marketplace.
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The Bureau of Labor Statistics reports the cost of previously owned sedans, pickups, and SUVs climbed 10% in April, accounting for over one-third of the 0.8% CPI increase.
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The automaker bases this assessment on a belief that electric vehicles will not catch up to gasoline-powered vehicles in terms of cost and convenience by 2030.
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Marchex Engage for Automotive helps dealers take the right actions to sell more vehicles.
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This pledge to additional resources reflects Smart AutoCare's overall commitment to the F&I space to help dealers and agents in this ever-changing time.
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Michael Boehm joins as GM of Juice Americas Inc. to further global expansion strategy to support the growing EV market.
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Ed Morse purchased the dealerships from Lindsay Auto Group and Fairground Auto Group.
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Subaru FY2020 profits plunged by half as automaker grapples with the pandemic, microchip shortage and other factors.
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