BMW Still Most-Shopped Luxe Brand,Toyota Widens Non-Luxe Lead
Rankings based on latest Kelley Blue Book reports.
Rankings based on latest Kelley Blue Book reports.
The fourth quarter typically accounts for the majority of the yearly depreciation, but this year the declines started in Q3 and are continuing to trend higher than typical for this time of year.
Tesla is evaluating whether Model 3 and Model Y EVs made in Gigafactory Shanghai could be sold in North America starting in 2023, sources say.
The Japanese automaker forecasts operating profit for the fiscal year will hit 360 billion yen ($2.5 billion), up 100 billion yen from its July forecast.
Mitsubishi Corp. has raised its full-year net profit forecast by 21% to a record 1.03 trillion yen ($7 billion).
The Estimated Average Weekly Sales Rate dropped to 53% last week.
New U.S. EV tax credit changes are coming under fire as Japan's government warns these credits could thwart further EV investment.
Volvo Car AB of Sweden reported sales grew 7% year-over-year in October.
Demand for new vehicles in the United States remains strong despite rising interest and loan rates, reported CEO Tomomi Nakamura.
New light-vehicle sales in October 2022 totaled a SAAR of 14.9 million units, the second-highest monthly total this year.
APR for new cars hits 3-year-plus high.
It was another stable week in the lanes last week. Inventory is still available and consistent, but there has been a noticeable increase of IF sales and no sales.
Soaring material and parts costs offset benefits gained from a plunging Japanese yen and production rebound.
LMC Automotive and J.D. Power predict U.S. auto retail sales will rise in October as supply chains improve and make more vehicles available to dealerships.
In a down economy, industry experts recommend dealerships offer a range of finance and vehicle options to address budgetary concerns.
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