Patrick Manzi - Tagged Posts - Agent Entrepreneur

Down Economy Requires Dealers to Up Their Game, Say Experts

In a down economy, industry experts recommend dealerships offer a range of finance and vehicle options to address budgetary concerns.

COVID-19 Remains in the Driver’s Seat

NADA economist forecasts supply chain challenges, including the chip shortage, will persist well into 2022.

NADA Market Beat: New-Vehicle Sales Down Slightly Compared to Previous Two Months

For 2020, NADA expects that new light-vehicle sales will total 14.2 million units. There may be some regional ups and downs in sales as the country deals with spikes in COVID-19 cases throughout the winter months.

NADA Issues Second Quarter 2020 Auto Sales Analysis

During this quarter, retail sales recovered much more quickly than fleet sales from the effects of the COVID-19 pandemic.

Sales of Retail Used Vehicles Expected to Grow

Cox expects 2020 to mark the beginning of a slight decline in the sale of total used-vehicles, as retail used-vehicle sales grow.

NADA Predicts 1.2% Decline in 2020 New Car Sales

The National Automobile Dealers Association estimates U.S. new vehicle sales will fall to 16.8 million units as internal and external forces reshape the auto retail industry.

Detroit, Japan Factories Suffer in Short September Sales Report

U.S. sales of new cars and light trucks fell 12% year-over-year in September, suppressed in part by a Labor Day weekend allotted to August. Few were spared the sting, with all six of America’s and Japan’s biggest factories reporting double-digit declines.