Black Book: Weekly Market Update
Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
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.
September new light-vehicle sales fell for the 5th consecutive month to a SAAR of 1.2 million units, reported the National Automobile Dealers Association (NADA).
The seasonally adjusted Retention Index increased to 169.5 points, hitting another record this year.
As we move into the Fall season, wholesale prices began to show a positive movement once again and reached the highest point of the year last week.
GM sales fall short of Toyota Motor Corp. over two consecutive quarters.
U.S. new vehicle retail sales are expected to drop 888,900 units in September, from 1,182,788 a year ago.
The market continued to make gains this past week, marking the fourth consecutive week of overall wholesale value increases.
Automobile sales in September are forecast to slow for the fifth straight month, as tight inventory, high prices take a toll on the industry.
Traditionally, as we move past Labor Day, values begin to decline, with the largest portion of the yearly depreciation typically occurring in the fourth quarter. However, that is not the case this year, we’ve now had four consecutive weeks of overall market increases in wholesale values.
Auto dealership buy/sell market on path to most active year in history – 320 transactions June 2020 to June 2021.
The U.S. Commerce department reported the uptick of 0.7% in retail sales.
Training expert shares how improving digital presence, sales skills and F&I presentations impacts sales.
General Motors will extend production cuts at crossover, midsize pickup and sedan plants because of the semiconductor chip shortage but will resume full-size pickup production on Monday.
Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
More than 160 dealers, agents, and industry executives took part in the inaugural West Coast Compliance Summit, one of three concurrent events featured at Industry Summit 2016. And more than 80 of them successfully completed the event’s compliance certification component.
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