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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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A proposal that gives higher EV tax credits to union shops has caused controversy over preferential treatment for EV incentives.
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Wholesale values are finally starting to simmer down but make no mistake, supply channels haven’t been restored and the market remains strong.
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Toyota saw sales rise to 840,303 units in May, led by swiftly recovering demand in North America.
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Another week of gains for the exceptionally strong wholesale market; however, that pace has slowed tremendously.
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TransUnion study finds borrowers used auto loan deferments as a safety net during the COVID-19 crisis.
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The automaker declares 2040 as the date it will phase out gasoline-powered cars.
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Wholesale prices remain strong, however there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling.
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The estimated average transaction price for a light vehicle in the United States was $41,263 in May 2021, according to the analysts at Kelley Blue Book.
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A majority of dealership leaders – approximately 65% – report they plan to increase the total number of employees in the dealership this year.
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Retail sales dropped 1.3% in May, following a 0.9% gain in April, reported the U.S. Department of Commerce.
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