Dealers See Weak Market Ahead
Despite a stronger Q2 market, negative sentiment lingers over weak economic conditions and high interest rates, Cox Automotive says.
Despite a stronger Q2 market, negative sentiment lingers over weak economic conditions and high interest rates, Cox Automotive says.
NADA Market Beat report reveals double-digit spike in new light-duty sales in May.
Swedish automaker bounces back after a challenging 2022.
Strong result driven by higher sales volume, consistent cost management and focus on efficiency.
Dealer strategy shifts are bearing fruit, finds Cox Automotive's most recent report.
The used retail active listing volume index reverted back to one at the start of 2023. Currently, the index sits at 0.95 points.
It reported that US retail sales rose 15% while fleet sales jumped 27%.
Affordability challenges may dampen spring auto sales, finds Cox Automotive Auto Market Weekly Summary.
The market continued to experience growth last week, with gains far exceeding what is typically seen this time of year.
Used-retail active listing volume index index sits at 0.99 points.
New Experian report shows average loan amount increases tapered off, while average terms decreased.
The first week of March started off as expected with sales rates continuing to increase across the country.
More cars are available, but record prices and rising interest rates will challenge customers.
Improved inventory levels and higher retailing cited for the sales boost.
Average manufacturer retail price nearly $50K, with some models exceeding six figures and $75K pickups the norm.
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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