Black Book Market Insights
The market continued its descent last week, with the level of decline still exceeding what is typically experienced this time of year.
The market continued its descent last week, with the level of decline still exceeding what is typically experienced this time of year.
The first 100 active auto dealers, dealership general managers, sales managers and directors who register for this year’s event online will receive their full show pass for no charge.
Sales fall due to customer affordability concerns. Company offering lower-priced models, cutting its costs.
Tesla plans to increase production of Model Y and Model 3 EVs in Q4 and keep growth going as newer factories in Austin and Berlin come online in 2023.
The average interest rate paid on a new vehicle purchase hit 5.7% in September, up from about 4% in 2021.
Cox Automotive's quarterly review allows us to see how the market has progressed compared to expectations.
ZeroSum predicts that by the end of September, new vehicle inventory will be up 16.69% from the start of August while used vehicle inventory will be down 1.15%.
September U.S. auto sales, when confirmed next week, are expected to show a new-vehicle market mostly unchanged from previous months and still stuck in low gear.
Black Book and Fitch Ratings just unveiled their latest joint depreciation report, taking an in-depth look at car and truck segment depreciation trends in 2021, as well as our outlook and forecast for depreciation in 2022.
BMW will reach the higher end of its 7-9% margin target for its vehicle business and will see slight sales growth in 2023, forecasted CFO Nicolas Peter in a roundtable this week.
Ford isn’t alone in facing cost increases as manufacturers continue to deal with supply shortages.
NADA numbers show sales prices rose, though volume was down due to inventory shortages.
Soft pulls can strengthen consumer confidence and trust in making the right decision, and since they aren’t locked into anything, they can resume shopping and even assess varying price ranges.
The wholesale market continued its decline last week, with the rate of decline remaining consistent with the past seven weeks.
The seasonally adjusted annual rate is estimated to be near 36.2 million, down from last August’s 40.8 million level and below July’s revised 38.3 million pace.
Experian’s Q4 auto finance report lists America’s top 10 lease vehicles by market share, including one domestic SUV that captured nearly 4% of all new leases at the end of 2018.
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