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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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Dealertrack data show new and used retail sales modestly gained against 2019 pre-pandemic levels in the final week of the year.
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The lowest sales recorded in December went to Toyota Motor Corp., Honda Motor Co., Hyundai and Kia, which posted sales drops for the fifth consecutive month.
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The seasonally adjusted Retention Index increased to 195.7 points.
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2021 was a wild ride, but according to Black Book, the final two weeks of the year reported minimal declines in values after a year of record-breaking increases.
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Toyota sold 2.332 million vehicles in the U.S. in 2021, compared to 2.218 million vehicles for General Motors.
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Hyundai Motor Co and affiliate Kia Corp. predict a 12.1% combined global sales jump in 2022, despite 2021 sales falling short of targets.
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Full-year 2021 auto sales in the U.S. are forecast by Cox Automotive to finish near 14.9 million units, an increase of approximately 2.5% from 14.5 million in 2020.
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Toyota will make its Toyota Arizona Proving Grounds (TAPG) available to other OEMs and suppliers as it launches the Arizona Mobility Test Center at TAPG.
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Record high used car prices will deflate. The question is how fast the bubble will burst.
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Japan's factory output skyrocketed in November, as supply chain bottlenecks eased globally.
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