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Newsby StaffSeptember 15, 2022

Cox Automotive: Estimated Monthly Used-Vehicle SAAR and Volume

The seasonally adjusted annual rate is estimated to be near 36.2 million, down from last August’s 40.8 million level and below July’s revised 38.3 million pace.

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Newsby StaffSeptember 15, 2022

Black Book’s Used Vehicle Retention Index Decreases Again in August

The Retention Index continues to decline in August, finishing the month at 184.0 points as consumer demand for used vehicles weakened.

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Newsby StaffSeptember 15, 2022

Lincoln Dealer Network Shrinks With Move to EVs

Automaker won’t offer retailers buyouts as some brands have, but it will introduce sales requirements.

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Newsby StaffSeptember 15, 2022

NADA Blasts FTC Over Proposed Dealership Rules

Draft regulations would target bait-and-switch price ads, misleading F&I practices, and valueless F&I products.

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Newsby StaffSeptember 14, 2022

Ford Outlines Dealer Requirements to Sell EVs

No-haggle prices and sizeable investments in charging infrastructure are required to sell the automaker’s electric vehicles.

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Newsby StaffSeptember 14, 2022

Biden Announces Funds for EV Chargers at Auto Show

First $900 million coming to help 35 states build network of stations. President also promotes tax breaks to buy EVs built in North America.

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Newsby StaffSeptember 13, 2022

Black Book: Market Insights Report

The Estimated Average Weekly Sales Rate continued its descent, hitting 58% last week. The Estimated Average Weekly Sales Rate hasn’t been below 60% since February of 2021.

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Newsby StaffSeptember 13, 2022

CPO Sales To See Double-Digit Percentage Decline in 2022

The report, based on Cox’s analysis of Motor Intelligence data, reported 211,609 CPO sales in August.

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Newsby StaffSeptember 9, 2022

Automakers Shift Production to Autos with Better Profit Margins

Automakers have shifted to selling vehicles with better profit margins in the U.S. as supply chain shortages and shipping concerns dampen production.

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Newsby StaffSeptember 7, 2022

Black Book: Weekly Market Report

The market saw continued declines last week, with the overall rate of depreciation being consistent with what we have experienced over the last five weeks.

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