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War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
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AE Magazine
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SEARCHMENUSEARCHCox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
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The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.
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The Fed delivered on expectations today by raising the target rate for the Federal Funds Rate by half of a percentage point and announcing the plan to start reducing its balance sheet starting on June 1.
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The loss leader in this equation was Toyota Motor Corp., which saw April sales volume fall 23%.
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The automaker saw a Quarter One net income of $2.9 billion, just 2.7% lower than 2021, despite $2.5 billion in increased costs as global revenue rose 11%.
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Toyota Motor Corp. is getting closer to using up a key U.S. tax credit for hybrid and electric vehicles, a situation company leaders say will raise its costs and hinder the adoption of climate-friendly cars.
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Acquisition adds complementary product portfolio to Protective's asset protection division.
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Inventory shortages have vehicle lessees re-evaluating their end-of-lease options.
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Most categories of dealership service and parts businesses have recovered from COVID-19 shutdowns, especially customer-pay work.
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General Motors has requested its suppliers to sign a pledge of carbon neutrality and commit to social responsibility programs and sustainable procurement practices.
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The ongoing microchip supply shortage has caused automakers to trim 87,500 more vehicles from their production forecasts, reports AutoForecast Solutions.
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