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The historically less expensive buying month presented consumers with higher ATPs and MSRPs than it ever has, Cox Automotive found. A large part of the inflation comes in many shoppers’ taste for size.
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A TransUnion study found that relationship-driven sales models proved to be important, as consumers who used an agent had a lower shopping intensity than those going it alone.
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Growing access shows greater lender appetite for risk as consumers take on heavier debt burden in an inflated market.
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Many vehicle segments experienced gains last week as conversions picked up. Meanwhile, the retail days to turn estimate stood at 39, analysts reported.
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Electric-vehicle inventory dropped in December, according to S&P Global, but the hybrid market saw about a 19% year-over-year increase in supply despite being down from November.
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David Wright of Iowa rises to the top of nearly 50 nominees across the country on his record of business growth and contributions to his dealership’s community.
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ISeeCars ranked the Nissan Leaf as the most reliable for the money among 10-year-old cars on the market, making it the first electric vehicle to lead the overall list.
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JD Power is launching a new system, Power Platform, that will allow customers to access multiple JD Power solutions via a single platform and sign-in that will streamline users’ experiences.
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The electrification leader pulls back on the segment it leads in response to domestic saturation, other countries’ protectionist stances, and new, lucrative tech.
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The strategic combination is intended to expand technology-driven compliance solutions for the automotive industry.
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