
Dealership Profits Decline
While new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
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While new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
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Overall market declines continued last week, but the rate of declined lessened.
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February’s CPO result is the highest since October 2021 and interrupts a six-month downward trend.
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By sharply reducing fleet sales, Hyundai can deliver more inventory to dealers.
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Auto Dealer Today caught up with 2022 Chairman Mike Alford to hear about his plans for the industry, today and over the next 12 months.
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BMW will gradually resume production at its Munich and Dingolfing plants next week after suspending production over supply chain shortages.
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In January, Tesla Inc. lead U.S. luxury market sales, lapping segment leader BMW in new vehicle registration, finds Experian data.
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Facing a slow start to the year, and with concerns over inflation and the economy, automobile dealer sentiment softened in Q1, marking the third consecutive quarter-over-quarter decline in current market sentiment.
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The Ukraine invasion has ramped up the price of metals used in vehicles and OEMs likely will pass these costs on to consumers.
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Experts predict the Russian invasion of Ukraine could slash global production of new cars and trucks by millions of units in 2022.
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Declines in wholesale prices continued last week, despite an improvement in conversion rates.
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