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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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SEARCHMENUSEARCHWhile 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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The Mid-Size Car segment had the largest decline last week, at -0.76%, compared with the prior week’s decline of -0.64%, marking the third consecutive week the segment has reported the largest segment decline.
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The seasonally adjusted Retention Index moved up by 0.6% – the lowest rate of increase since July – reaching 197.0 points during the first month of 2022.
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There’s no doubt that in today’s environment, winning in business has many new challenges and staying “ahead of the game” requires creativity and diligence.
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GM reported a net profit of $10 billion for 2021 and reported full-year pretax rose 47% to hit a record $14.3 billion.
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Global sales in 2021 were the second-highest annual result for Lexus. The brand’s all-time sales record of 765,330 units came in 2019 before the pandemic.
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Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing.
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A U.S. House panel will hold a hearing on self-driving vehicles next week as a push in Congress to speed deployment of autonomous vehicles stalls.
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Shares of India's Tata Motors Ltd dropped 3.7% after the Jaguar Land Rover (JLR) owner reported a larger quarterly loss than expected.
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Watch the Auto Market Report video for more data and insights that provide a holistic view of the auto industry.
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Industry analysts predict U.S. auto retail sales will dip in January as manufacturing slows.
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