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EV Sales Slide While Hybrids Climb
California, as usual, led the country in EV registrations in the fourth quarter, but the U.S. as a whole saw a 43% year-over-year volume decrease.
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SEARCHMENUSEARCHCalifornia, as usual, led the country in EV registrations in the fourth quarter, but the U.S. as a whole saw a 43% year-over-year volume decrease.
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Last month we noted that the record run of value increases we have seen over the past 18 months appeared to be slowing down and possibly ending.
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If you’re trying to sell to Generation Z buyers, new data shows they have a radically different mindset from millennials and all buyers overall, requiring businesses and sales professionals to adjust tactics to close the deal.
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The U.S. auto market has seen growth this year in nearly every segment, but no segment is growing more quickly and more relentlessly than electrified vehicles.
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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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At the end of the day, success ties in very closely to growth, and a solid strategy to acquiring new business is a tool every agent should have in their belt.
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The May Retention Index showed another increase and broke yet another record, reaching 159.6 points, a 7.1 point (or 4.7%) increase from April (152.4).
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How fast automakers move vehicles from factory floors to showrooms will shape the sales story the rest of the year.
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Automakers reported impressive monthly results, showing increases that ranged from 40% to 70% compared to unit sales during the pandemic.
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Volkswagen strength driven by best-selling models; Tesla falls on price declines for its most expensive vehicles.
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New inventory is not expected to see improvement until the third quarter of this year, so values are expected to remain at elevated levels throughout the summer.
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