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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 combination of vehicle owners needing service more often due to accumulating mileage at pre-pandemic levels along with the disruption of the auto parts supply chain and significant staffing shortages is causing auto dealership service departments to navigate unique capacity challenges.
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With the approach of Spring and warmer weather in many parts of the country, we are beginning to see some changes in the RV market.
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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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Funding round supports further expansion and solidifies AutoFi’s position in the changing landscape of automotive retail.
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At the NADA Show, Cox Automotive will feature its unmatched portfolio across 26,300 square feet of display space to demonstrate the company’s mission to transform the way the world buys, sells, owns and uses vehicles.
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Earnhardt Buick GMC and Earnhardt Mazda of Las Vegas sold to Utah-based Jerry Seiner Dealerships marking the 151st dealership sale led by Kerrigan Advisors since 2015.
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Collaboration provides Assurant with an innovative digital F&I solution designed to generate greater revenue for dealers.
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