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Auto manufacturers cut over 100,000 vehicles from North American production schedules because of the global microchip shortage last week, reports AFS.
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The National Automobile Dealers Association has challenged the Federal Trade Commission's proposed rules on dealership advertising and finance and insurance.
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The Estimated Average Weekly Sales Rate increased to 67%.
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Over the last two weeks, Manheim Market Report prices saw higher-than-normal but decelerating declines.
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Sales & Customer Management Pro improves customer interactions, streamlines training, optimizes workflows, and delivers actionable insights for automotive dealers.
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Protective Asset Protection announced it has created new training opportunities for F&I professionals across the country.
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Vehicle listings with Manheim Express Concierge inspections now protect sellers even more from arbitration.
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Some positives for commercial dealers and buyers.
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With low inventory and high demand, incentives dropped to a record low in June, averaging only 2.3% of the average transaction price.
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One-quarter of Americans say they will consider an electric vehicle for their next vehicle.
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