
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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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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LMP Automotive Holdings Inc. plans to terminate seven pending purchases of many auto dealerships due to an inability to secure financial commitments.
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M&A in the F&I sector will continue into the foreseeable future because private equity firms have record levels of dry powder, add-on acquisitions will be utilized to bolster existing platform investments, and, most importantly, companies need to remain on the offense with the competition.
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Volkswagen plans to decide on location for new plant and increase production output in the second half of 2022, reports company officials.
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The Company intends to terminate all of its pending acquisitions in accordance with the terms of their respective acquisition agreements, primarily due to the inability to secure financial commitments and close within the timeframes set forth in such agreements.
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In the most recent Auto Market Report video, Cox Automotive Chief Economist Jonathan Smoke notes that 2022 has started slower for the U.S. economy and for vehicle sales.
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The rate of week-over-week declines has accelerated, exceeding the typical seasonal expectations for this time of year.
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Total losses add up to $300 million, with a $155 million hit to automakers and $145 million in lost direct wages.
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The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.
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Tight supply and lower production helps the companies sell vehicles with fewer financial incentives than they traditionally offer.
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Take steps to combat competitive insurgency strikes to protect your business.
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