U.S. Retail Sales Increase in August
The U.S. Commerce department reported the uptick of 0.7% in retail sales.
The U.S. Commerce department reported the uptick of 0.7% in retail sales.
Stein will play an integral role in expanding the motormindz global footprint and launching its venture fund, which will identify and accelerate business solutions for a rapidly changing automotive industry.
Client shared services center meets clients’ needs for easier, faster post-sale operations.
Inspections at ADESA Vehicle Logistics Centers will include emissions codes more clearly displayed on condition reports.
AutoPay+PERKS combines US Equity Advantage’s biweekly loan payment service with an incentive to encourage car buyers to have service work performed at the selling dealership.
Auto dealers around the country are now leveraging advertising to attract cars and trucks, in addition to the shoppers themselves.
Following the news that automaker Ford announced to shut down both its vehicle manufacturing factories in India, GlobalData offers an update.
The slowing auto market will lead Cox Automotive to revise downward its full-year new-vehicle sales forecast.
Japanese automaker Toyota plans to spend U$13.5bn to develop electric vehicle battery technology and supply system by 2030.
The seasonally adjusted Retention Index increased to 165.7 points, barely missing another record.
August will be a fourth consecutive month of slowing sales and looks to be coming in even lower than our forecast of 1.2 million, a 9% decline from August 2020.
As younger generations of early tech adopters continue entering the car-buying market, we can expect interest in EVs to continue growing.
Inventory-constrained Toyota held on to the top spot for shopping consideration, but Ford narrowed the gap in the second quarter despite its own supply challenges.
Risk management tool intended to help dealership industry reduce large losses.
The overall market continued to decline this past week, but the rate of depreciation lessened, and some segments reported positive pricing movement.
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