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The Retention Index increased again during June to 191.5 points, even as we saw weakening consumer demand.
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As automakers report second quarter results, analysts say a market rebound may be on the way.
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BYD sold 638,157 electric or plug-in hybrid passenger vehicles in the first six months of 2022 compared to 564,743 from Tesla.
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Ford Motor Co. reported nearly a 32% increase in U.S. sales in June, as it improved truck and SUV deliveries and rolled out an all-electric pickup.
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A recession won’t affect U.S. auto dealers and manufacturers until the 12- to 18-month range, says Jonathan Smoke, chief economist-Cox Automotive.
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Recon Inspect connects fixed and variable operations by linking vehicle inspection to a printable, sharable customer-ready form, complete with dealer logo.
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This June, ZeroSum data shows that new vehicle inventory levels remain flat, while used vehicle inventory decreased almost two percent.
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Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing, according to Black Book.
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Join Automotive Compliance Education, Aug. 7–9, for an agenda dedicated to increasing sales, F&I and efficiencies within the dealership, with an eye towards doing things compliantly.
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vAuto founder becomes 33rd industry leader selected.
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