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Newsby StaffOctober 4, 2022

Rivian Sees Setback on $5B Georgia Plant

Judge scuttles tax-break package by local authority, which may appeal the ruling.

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Newsby StaffOctober 4, 2022

Q3 New-Car Sales Mixed

GM surges, peers also gain, though some see declines amid market pressures.

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Newsby StaffOctober 3, 2022

CarMax Retools Approach After Disappointing Q2

Sales fall due to customer affordability concerns. Company offering lower-priced models, cutting its costs.

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Newsby StaffOctober 3, 2022

Tesla Output Expected to Grow Throughout 2023

Tesla plans to increase production of Model Y and Model 3 EVs in Q4 and keep growth going as newer factories in Austin and Berlin come online in 2023.

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Newsby StaffOctober 3, 2022

Will Higher Interest Rates Cool Demand for New Cars?

The average interest rate paid on a new vehicle purchase hit 5.7% in September, up from about 4% in 2021.

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Newsby StaffSeptember 30, 2022

Cox Automotive’s Ten Predictions for 2022 Miss on Overall Demand, Leasing, New-Vehicle Inventory

Cox Automotive's quarterly review allows us to see how the market has progressed compared to expectations.

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Newsby StaffSeptember 29, 2022

With More New Cars Available, New and Used Vehicle Prices are Coming Down

ZeroSum predicts that by the end of September, new vehicle inventory will be up 16.69% from the start of August while used vehicle inventory will be down 1.15%.

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Newsby StaffSeptember 29, 2022

Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast

September U.S. auto sales, when confirmed next week, are expected to show a new-vehicle market mostly unchanged from previous months and still stuck in low gear.

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Newsby StaffSeptember 27, 2022

BMW Predicts Sales Growth in 2023

BMW will reach the higher end of its 7-9% margin target for its vehicle business and will see slight sales growth in 2023, forecasted CFO Nicolas Peter in a roundtable this week.

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Articlesby StaffSeptember 23, 2022

The Power of Powersports F&I

Powersports represent an untapped market for automotive F&I agents.

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