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Sales

Newsby StaffMarch 15, 2022

Hyundai Freezes Fleet Sales to Push More Vehicles to Dealers

By sharply reducing fleet sales, Hyundai can deliver more inventory to dealers.

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Newsby StaffMarch 10, 2022

Tesla Leads U.S. Luxury Market

In January, Tesla Inc. lead U.S. luxury market sales, lapping segment leader BMW in new vehicle registration, finds Experian data.

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Newsby StaffMarch 9, 2022

Experts Predict Soaring Vehicle Prices

The Ukraine invasion has ramped up the price of metals used in vehicles and OEMs likely will pass these costs on to consumers.

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Newsby StaffMarch 8, 2022

Black Book: Market Update

Declines in wholesale prices continued last week, despite an improvement in conversion rates.

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Newsby StaffFebruary 24, 2022

Cox Automotive February Forecast: Tight Inventory Keeps U.S. Auto Sales From Gaining Traction

New-vehicle sales volume has been averaging just over 1.05 million each month since last August, and this February is not expected to buck the trend.

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Newsby StaffFebruary 22, 2022

Black Book: Weekly Market Update

The Estimated Average Weekly Sales Rate has dropped to 61% this week, after a few weeks at 62%. This is not surprising as wholesale buyers try to anticipate consumer sentiment and wholesale seller behavior.

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Newsby StaffFebruary 16, 2022

VW Plans to Increase Production in Second Half of 2022

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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Newsby StaffFebruary 15, 2022

Black Book: Weekly Market Update

The rate of week-over-week declines has accelerated, exceeding the typical seasonal expectations for this time of year.

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Newsby StaffFebruary 15, 2022

Tesla Closes in on BMW Luxury Sales Title

Tesla’s Model Y could overtake BMW as the top-selling luxury model when its plant opens in Texas.

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Newsby StaffFebruary 11, 2022

Lithia Motors Reports 55% Increase in Q4 Net Income

The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.   

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