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Franchised Dealers Stand to Gain Service Business
Cox Automotive research shows both the opportunities and the challenges in turning consumers’ growing affordability needs into increased fixed-operations revenue.
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SEARCHMENUSEARCHCox Automotive research shows both the opportunities and the challenges in turning consumers’ growing affordability needs into increased fixed-operations revenue.
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As wholesale prices started to decline in July, the seasonally adjusted Retention Index reversed the trend for the first time this year and decrease to 161.8 points.
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The company will idle plants in Flint, Michigan; Fort Wayne, Indiana; and Silao, Mexico, just one week after the plants resumed production after an earlier shutdown related to the shortage.
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Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
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Ford presently offers only five key vehicle models in the country including its flagship EcoSport and Endeavour models, which are now losing share to newer competing products.
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Kerrigan Advisors’ Founder Erin Kerrigan predicts unprecedented buy/sell activity through 2022.
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“We expect inventories to continue to normalize throughout the back half of 2021 and in the first part of 2022,” said Chris Holzshu, Lithia chief operating officer, in an earnings conference call.
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President Joe Biden has proposed a return to aggressive Obama-era vehicle mileage standards over five years.
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The new capital will fuel TRADE X's growth strategy and drive forward its mission of eliminating barriers to buying and selling pre-owned vehicles across international borders.
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While this is the fourth consecutive week of declining wholesale values, decreases are still relatively modest compared to year-to-date gains.
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Cadillac announces that every new or redesigned vehicle in North America will be electric to fulfill the luxury brand’s role as General Motors’ lead EV brand.
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