Last week was a short week with the Thanksgiving holiday, and the auction results reflected this with the level of declines continuing, but at the lowest level we’ve seen since the third week of July.
For the first time in recent history, some vehicles have appreciated in value or depreciated less than expected, finds a recent iSeeCars study.
Service activity increased while service revenue decreased slightly at U.S. franchised dealerships in October, according to the latest Cox Automotive analysis of Xtime metrics.
Dealership profits have peaked due to rising interest rates, inflation, and low consumer confidence, but they are still 2.4x higher than before the Pandemic.
Vehicle subscriptions can be a terrific way to get consumers into the vehicles they need and grow EV adoption.
100 active auto dealers, dealership general managers, sales managers and directors who register for this year’s event online will receive their full show pass for no charge.
The Estimated Average Weekly Sales Rate dropped to 53% last week.
South Korea wants a three-year grace period on the U.S. Inflation Act to enable Korean automakers to keep receiving U.S. electric vehicle (EV) incentives.
New U.S. EV tax credit changes are coming under fire as Japan's government warns these credits could thwart further EV investment.
New light-vehicle sales in October 2022 totaled a SAAR of 14.9 million units, the second-highest monthly total this year.
Soaring material and parts costs offset benefits gained from a plunging Japanese yen and production rebound.
The steps Ford is taking now to cut costs and boost revenue could pay off in big dividends in the future.
Repossessions are beginning to show up in the market and with fuel prices returning to a level last seen in February of this year, the Car segment valuations are taking the hardest hit.
Cox Automotive believes the likely range of severely damaged vehicles that could need replacement is between 30,000 and 70,000 vehicles.
These challenges were designed to give F&I and sales professionals an opportunity to showcase their skills to the DealerTech Summit and Industry Summit audience.
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