Black Book: Market Insights Report
Traditionally, values would be declining this time of year, but the lack of inventory continues to be the most common sentiment for the increased auction activity pushing values up.
Traditionally, values would be declining this time of year, but the lack of inventory continues to be the most common sentiment for the increased auction activity pushing values up.
Global Data has downwardly revised its real GDP growth forecasts by 0.14 percentage points (pp) for Germany, 0.23pp for Japan, 0.45pp for the US and 0.25 for China.
Advanced technology now found in used cars presents F&I opportunities for dealers, according to a study by Protective Asset Protection.
Toyota Motor Corp. and Stellantis have announced plans to build battery factories in North America to meet the U.S. government’s push for electric vehicles and the batteries that power them.
Cox Automotive and LMC report new-vehicle inventories shrank to just over 915,000 in September and predict further shrinkage as production issues and supply shortages linger.
New technology, EV, and suite of ancillary finance and insurance products fuel firm’s record sales.
Automakers hope to use 5G in big ways, such as downloading software updates on the go, updating digital maps, and sounding alerts about road conditions.
Automakers remain divided over the larger tax credit for EVs built in Union shops and other measures in the green energy plan.
Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
BMW is faring better than GM, and car dealers are coping better than component suppliers.
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