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The Massachusetts attorney general cautioned the state’s automotive dealers to be upfront with the consuming public about their vehicle prices or risk punishment.
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CDK Global’s monthly purchase scorecard highlights October consumer buying trends
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Volvo Car AB of Sweden reported sales grew 7% year-over-year in October.
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Demand for new vehicles in the United States remains strong despite rising interest and loan rates, reported CEO Tomomi Nakamura.
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New Jaguar Land Rover and Volvo locations expand auto powerhouse’s reach in New York.
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Honda points to continued supply issues as overall industry inventory improves.
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Stellantis is latest carmaker to signal additional cutbacks.
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Soaring material and parts costs offset benefits gained from a plunging Japanese yen and production rebound.
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Ford, GM say they’ll ship unfinished vehicles by year’s end as supply issue eases.
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LMC Automotive and J.D. Power predict U.S. auto retail sales will rise in October as supply chains improve and make more vehicles available to dealerships.
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In a down economy, industry experts recommend dealerships offer a range of finance and vehicle options to address budgetary concerns.
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