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Editorial

Newsby StaffJune 16, 2022

Cox Automotive Dealer Sentiment Index: With COVID-19 Concerns Mostly in the Rearview Mirror, Auto Dealers’ Attention Turns to Inflation, High Costs and Tight Inventory

U.S. automobile dealer sentiment in the second quarter of 2022 softened as U.S. auto dealers’ attention turned to inflation, high costs and tight inventory, marking the fourth straight quarter-over-quarter decline in market sentiment.

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Newsby StaffJune 14, 2022

Black Book: Market Insights

Compact Cars continue to perform very well along with Sub-Compact Crossovers, but the gas-guzzling Full-Size SUV segments continue to experience the heaviest depreciation, as demand in the lanes wanes for these vehicles.

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Newsby StaffJune 14, 2022

GWC Warranty Partners with NIADA to Offer Exclusive CPO Benefits to Dealers

Vehicles certified under this program meet the highest standards in the pre-owned market and are closely inspected, upgraded, and backed by both the NIADA name and limited warranty coverage from GWC.

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Newsby StaffJune 14, 2022

Automaker Production Schedules Continue Freefall Due to Chip Shortage

The number of vehicles canceled from automaker production schedules worldwide due to the shortage now exceeds 2 million, according to AutoForecast Solutions.

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Newsby StaffJune 14, 2022

Automakers Urge Congress to Lift EV Tax Credit Cap

Automakers have urged Congress to lift a cap on the $7,500 electric vehicle tax credit.

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Newsby StaffJune 13, 2022

Black Book Used Vehicle Retention Index Jumps 3.4 Points

Index reverses a 3-month slide and increases to 188.8 points in May 2022 as tight new inventory and record low incentives push used wholesale prices up across most segments.

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Newsby StaffJune 9, 2022

CarOffer Launches PremiumXchange™, Creating the Largest Non-Affiliated Online Pre-Owned Vehicle Exchange Desk in the U.S.

Over 10,000 enrolled dealerships enabled to exchange vehicles at pre-determined prices.

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Newsby StaffJune 9, 2022

Brown & Brown Announces the Acquisition of Profits Creation Corp.

Profits Creation provides F&I products and sales support to automotive dealers across the southeast.

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Newsby StaffJune 8, 2022

New CarPlay Software Advances Apple’s Dashboard Capabilities

The CarPlay upgrade will move the software from an infotainment system to a software solution that lets drivers control parts of their vehicle and access more operational information.

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Newsby StaffJune 8, 2022

Total U.S. Automotive Aftermarket Sales Forecasted to Increase 8.5% in 2022

The Joint Channel Forecast Model details a strong aftermarket recovery coupled with indicators for continued growth.

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