Black Book: Weekly Market Report
For the first time since the week of April 18th, the overall market reported softening last week.
For the first time since the week of April 18th, the overall market reported softening last week.
The automaker has dialed down its worldwide production schedule for July by 50,000 vehicles to 800,000.
European and North American automakers cut around 25,000 additional vehicles from their production schedules last week.
The automaker will stick to its plan to list its Porsche sports-car maker later this year as to finance its pivot toward electric vehicles (EVs).
NHTSA has announced occupant protection safety standards for vehicles with automated driving systems, covering everything from seatbelt reminders to advanced airbags.
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were essentially unchanged from May after the first 15 days of June.
Gen Z shoppers report they experience more problems compared to Baby Boomers, including 45% of Gen Z frustrated with waiting on a salesperson and 52% with additional fees.
Voters are asked to complete at least five of the survey’s 40 categories, entering their partner company’s name and scoring them on quality, value, customer service, and whether they would recommend that company to another dealer.
Sporty Cars traditionally decline during this time of year, but the segment is still reporting increases with an average weekly increase of +0.24% over the last eleven weeks.
West Herr Automotive Group purchased a Mazda dealership this month while Gee Automotive Cos. purchased another Subaru dealership
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