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The declines are continuing to close out the second week of 2022 with majority of segments reporting drops in valuations.
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RM Sotheby’s had a great year, reporting auction sales of $406 million and private party sales of $150 million, for a grand total of over $550 million.
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The award is presented by AIADA’s Board of Directors annually to an industry leader who possesses a similar community spirit and devotion to the international nameplate auto industry as its namesake.
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The policy reversal will make GM eligible for government fleet purchases by the State of California.
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The new business helps dealers put used car lots online to compete with Carvana and other online auto retailers.
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With 20 years of experience in automotive finance and business development, Hollis joins newly appointed Chief Sales Officer John Stephens to lead the company’s sales force for continued record growth.
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The Cox Automotive Industry Insights is sharing three quick and valuable data points.
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Moving into 2022, NADA anticipates new-vehicle sales of 15.4 million units – an increase of 3.4% from 2021.
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The year is starting off with declines in many segments, but it remains to be seen if we reached the peak of increases before the holidays or if we will return to increasing values as the market prepares for spring.
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The EV race heats up as Ford Motor Co. and General Motors Co. highlight new electric pickups while other car companies get ready to release new battery-powered models in 2022.
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