5 Automakers Handled Half of All EV Sales in 2022
According to EV-Volumes data, from Jose Pontes, five OEMs handled more than half of all EV sales.
According to EV-Volumes data, from Jose Pontes, five OEMs handled more than half of all EV sales.
Hits 2 ½-year low. Subprime, negative-equity shares fall.
Volkswagen AG reported its cash flow fell short of expectations as supply chain snags led to higher unsold inventory at year’s end.
The reduction in weekly depreciation that started a couple of weeks ago continued again last week, with the market reporting the lowest overall depreciation we have seen since the end of June 2022.
Dealers report elevated prices, a lack of affordable vehicle models, and higher interest rates are pricing many consumers out of new cars.
Integrations between Gubagoo Virtual Retailing and KBB ICO now live for dealers seeking to harness the combination.
Auto lenders, securitization providers continue adoption of digital assets, workflows, but industry headwinds could slow progress.
Early signs of a potential Spring bump in the market are starting to emerge with the Sporty Car segment reporting an increase for the second consecutive week.
General Motors Co. posted a $2 billion net profit in the fourth quarter finishing the year strong despite supply chain struggles, record prices and other disruptors.
Expands portfolio by adding F&I products and services for automotive, RV, powersports, marine, commercial trucking markets.
The company reported a profit before tax of $326 million for the quarter ending in December.
Last week, wholesale price declines lessened, coming in at a level on par with last July (apart from the weeks around Thanksgiving and Christmas when volume and conversions were down), before the declines began to accelerate for Q3 and Q4.
Cox reports that in the auto sector sales of motor vehicles and parts fell in December.
TransUnion research finds a lack of inventory and low interest rates turned consumers away from leasing new cars and trucks over an 11-month period.
Interest rates will continue climb, eating into inventory improvements’ effect.
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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