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Newsby StaffJuly 22, 2021

Chip Shortage: Biden Administration Reports Relief On Its Way

Manufacturers are entering commitments to produce more automotive-grade chips for automotive manufacturers that have idled production amid the shortage.

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Newsby StaffJuly 20, 2021

AutoNation Expects Strong Demand Into 2022

AutoNation predicts demand for new vehicles will continue into next year, as low-interest rates and robust demand helped the retailer boost quarterly earnings estimates.

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Newsby StaffJuly 20, 2021

Tariffs on Used Car Exports From Canada in Question

A Trump-era USMCA interpretation could subject used vehicles shipped to the U.S. to import fees.

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Newsby StaffJuly 15, 2021

Used Car Sales Returning to Normal

The frenzied sales fever that pushed new car sales to record heights is cooling, with demand for pre-owned vehicles returning to more normal levels.

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Newsby StaffJuly 15, 2021

Effects of Lockdown Keeps Vehicle Owners Locked in on Their Current Brand, J.D. Power Finds

Lexus and Subaru rank highest for third consecutive year.

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Newsby StaffJuly 14, 2021

Build-to-Order Gains Momentum

High demand coupled with low inventory has spurred consumers to order the vehicle they want.

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Newsby StaffJuly 13, 2021

Manheim on Pace to Deploy LotVision Technology at 90% of Locations in Q3

Pilot program underway at two sites to expand capabilities, provide more vehicle data to clients.

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Newsby StaffJuly 13, 2021

Manheim on Pace to Deploy LotVision Technology at 90% of Locations in Q3

Pilot program underway at two sites to expand capabilities, provide more vehicle data to clients.

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Newsby StaffJuly 13, 2021

Market Insights from Black Book

Wholesale values continue to decline after a monstrous 22-consecutive weeks of gains; however, sales conversion rates were also down last week. We anticipate that dealers will begin gradually and moderately reducing their floors.

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Newsby StaffJuly 13, 2021

NADA CEO Keeps Focus on Diversity, Equity and Inclusion

NADA's CEO reported the association’s approach to diversity, equity and inclusion is one that with repeated effort can gain momentum and grow larger.

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