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Newsby StaffSeptember 1, 2022

Ford, Rivian and GM Issue Recalls

Ford Motor Co., General Motors, and Rivian recently issued recalls that affect nearly 400,000 U.S. vehicles, reports the NHTSA.

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Newsby StaffSeptember 1, 2022

BEV Prices Keep Rising

iSeeCars research finds prices of battery-electric vehicles (BEVs) rose 54.3%, while used internal-combustion-engine (ICE) vehicle prices rose 10.1%.

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Newsby StaffAugust 31, 2022

Auto Dealership Buy/Sell Market Hits Another Record in First Half of 2022: Valuations Climb with Profits, Liquidity Drives Demand

Despite negative economic headlines and a volatile stock market, auto retailers continued their expansion through acquisition, with buy/sells increasing 16% YOY, despite spending pullbacks by public retailers, according to the Second Quarter 2022 Blue Sky Report® by Kerrigan Advisors.

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Newsby StaffAugust 30, 2022

Black Book: Market Insights Report

The Estimated Average Weekly Sales Rate dropped to 60% last week.

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Newsby StaffAugust 30, 2022

FTC Denies Extending Comment Period on Proposed Dealer Regulations

The FTC voted 5-0 against a further deadline extension after receiving approximately 2,400 comments.

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Newsby StaffAugust 30, 2022

ACV Auctions Files Lawsuit Against Competitors

The complaint claims auto auction competitors collaborated to prevent ACV Auctions from gaining access to AutoIMS.

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Newsby StaffAugust 26, 2022

Group 1 Automotive to Keep Focus on Acquisition

Group 1 Automotive Inc. will focus on growth through acquisition in the U.S. and UK, says Daryl Kenningham, incoming president and CEO.

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Newsby StaffAugust 25, 2022

Consumers Shifting Back to Used Vehicles as Inventory Shortages Continue

As used originations increase, credit unions reach nearly 26% total vehicle financing market share, the highest volume in five years.

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Newsby StaffAugust 25, 2022

High Gas Prices, Record-Breaking Transaction Prices Increased Q2 Interest in Cars, Electrified Vehicles

Car shopping gained share among both luxury and non-luxury shoppers in Q2 amid high gas prices, increased average transaction prices and ongoing vehicle supply challenges.

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Newsby StaffAugust 25, 2022

Market Not Ready for EVs

Reaching the Biden Administration’s goal of 50% of U.S. new vehicle sales being BEVs by 2030 is unlikely, says Jack Hollis of Toyota in a webinar.

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