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News•by Staff•July 21, 2022

Volvo Predicts Retail Sales Slump in 2022

Volvo Cars points to a potential slump in retail sales in 2022 after posting higher second-quarter profits.

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News•by Staff•July 19, 2022

Over 100,000 Vehicles Cut from North American Production Schedules

Auto manufacturers cut over 100,000 vehicles from North American production schedules because of the global microchip shortage last week, reports AFS.

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News•by Staff•July 19, 2022

NADA Challenges the FTC’s New Advertising and F&I Rules

The National Automobile Dealers Association has challenged the Federal Trade Commission's proposed rules on dealership advertising and finance and insurance.

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News•by Staff•July 19, 2022

Black Book Market Insights Report

The Estimated Average Weekly Sales Rate increased to 67%.

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News•by Staff•July 19, 2022

Wholesale Used-Vehicle Prices Increase in First Half of July From Seasonal Adjustment

Over the last two weeks, Manheim Market Report prices saw higher-than-normal but decelerating declines.

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News•by Staff•July 14, 2022

Manheim Express Makes it Easier for Dealers to Wholesale from their Lots with Seller Release

Vehicle listings with Manheim Express Concierge inspections now protect sellers even more from arbitration.

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News•by Staff•July 14, 2022

New-Vehicle Prices Set a Record in June, According to Kelley Blue Book, as Luxury Share Hits New High

With low inventory and high demand, incentives dropped to a record low in June, averaging only 2.3% of the average transaction price.

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News•by Staff•July 14, 2022

EV Interest Grows as Gas Prices Rise

One-quarter of Americans say they will consider an electric vehicle for their next vehicle.

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News•by Staff•July 13, 2022

Class-action Lawsuit Trial Against Mercedes-Benz Begins

The trial centers on a lawsuit that alleges the German carmaker knowingly manipulated diesel-emissions tests by installing defeat devices

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News•by Staff•July 13, 2022

EV Prices Continue Upward Trend

CarGurus.com reveals the average listing price for a new electric vehicle stood just under $60,000 at the end of June, marking a 13% increase since February.

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