Black Book: Weekly Market Report
Used-retail active listing volume index index sits at 0.99 points.
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.
Automaker to pause production at Fort Wayne Assembly truck plant, which builds full-size trucks.
The automaker’s adjusted operating income from North America soared 23% to $14.8 billion.
Cox Automotive forecasts sales will increase nearly 4% from 2022 and from January 2023.
Now in week three of February, we continue to see the wholesale market improving.
According to EV-Volumes data, from Jose Pontes, five OEMs handled more than half of all EV sales.
Volkswagen AG reported its cash flow fell short of expectations as supply chain snags led to higher unsold inventory at year’s end.
The reduction in weekly depreciation that started a couple of weeks ago continued again last week, with the market reporting the lowest overall depreciation we have seen since the end of June 2022.
Dealers report elevated prices, a lack of affordable vehicle models, and higher interest rates are pricing many consumers out of new cars.
The light new-vehicle sales pace increased in January to 15.7 million, while new vehicle prices declined slightly, and incentives increased.
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.
View more photos
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
