Cox Automotive: Wholesale Used-Vehicle Prices Increase in May
All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
New Experian report shows ongoing impact of inventory shortage on automotive finance market, as average vehicle loan amounts and monthly payments continue to rise.
The window to get the world’s road emissions to carbon neutrality by 2050 is ‘closing quickly,’ BloombergNEF (BNEF) says in its latest Electric Vehicle Outlook.
Gas prices hit an all-time high of a national average of $4.67 on June 1, driving consumers to consider electric vehicles, hybrids and smaller, more fuel-efficient gas-powered models.
The Estimated Average Weekly Sales Rate has dropped down to 71% after several weeks of increases.
The shortage of traditional wire harnesses could accelerate automaker plans to move to lighter, machine-made harnesses used in EVs.
Notable recent auction sales include a 2017 Ferrari LaFerrari Aperta.
The company plans to offer insurance coverage to 80% of the U.S., before taking its insurance offering international.
The Illinois Secretary of State Police temporarily blocked Carvana’s dealer license for failing to properly transfer vehicle titles.
New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody’s Analytics Vehicle Affordability Index.
Now is the time to protect loyal customers against the competition and position your dealership as a trusted partner as the market evolves.
The Estimated Average Weekly Sales Rate continues to increase and now is at 72%.
Q1 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
VSC includes coverage for many types of vehicles and enhances consumer convenience benefits.
While demand for commercial vehicle inventory remained high, several movements in the data indicated there are trends shaping the industry and driving buyer behavior.
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