Auto industry analysts remain on high alert for “demand destruction” as high interest rates, escalating vehicle costs, and a down economy threaten auto sales.
Economic pressures expected to make 2023 even more challenging.
Mitsubishi Corp. has raised its full-year net profit forecast by 21% to a record 1.03 trillion yen ($7 billion).
In a down economy, industry experts recommend dealerships offer a range of finance and vehicle options to address budgetary concerns.
An economic downturn could put all automaker’s, even those making luxury autos, earnings to the test.
How trends from the past decade will impact F&I in 2020 and beyond.
For the fifth year in a row, auto sales in the U.S. are expected to top 17 million vehicles.
Ford, Toyota and GM are enlarging their already hefty vehicle lines.
Concerns over the economy and political climate failed to discourage franchised and independent retailers surveyed for Cox Automotive’s latest Dealer Sentiment Index.
Big data, the economic and political landscape, and reputation management lead the list of pressing concerns for dealers heading into the new year.
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