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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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Newsby StaffJune 8, 2022

NHTSA Investigates Whether Ford Dealership Failed to Comply with Federal Safety Regulation

U.S. auto safety regulators investigate whether a New York Ford dealership delivered a new vehicle with an outstanding safety recall.

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Newsby StaffJune 7, 2022

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.

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Newsby StaffJune 7, 2022

Credit Unions Amass Largest Share of the Automotive Finance Market in Five Years

New Experian report shows ongoing impact of inventory shortage on automotive finance market, as average vehicle loan amounts and monthly payments continue to rise.

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Newsby StaffJune 7, 2022

Black Book: Weekly Market Insights

The overall market continued to see positive movement last week, but some of the segments that have been catching our eye in recent weeks for their pricing movements are now doing so for different reasons.

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