COVID-19 Specialty Markets Updates
Black Book recently published an update to their COVID-19 Specialty Markets Updates, which includes powersports, collectible vehicles, RV, MD/HD trucks and commercial trailers markets.
Black Book recently published an update to their COVID-19 Specialty Markets Updates.
BLACK BOOK – We recently published an update to our COVID-19 Specialty Markets Updates, which includes:
The Powersports, Collectible Vehicles, RV, and MD/HD Trucks and Commercial Trailers Markets
Industry Comments, Pricing Trends, Dealer Sentiment, and other insights
Powersports values continue to increase. In what has been a truly unprecedented year, nearly all segments of the Powersports industry have flourished after a rough start this spring. For November, all segments we cover have seen increases in value, most by significant amounts. The single biggest concern across the industry is a lack of inventory. Both at the retail and wholesale levels, normal sources of new inventory remain constrained compared to normal times. Until either inventory availability increases, or consumer demand drops, we foresee pricing remaining elevated.
You can view the PDF by clicking here.
If you'd rather view it online, you can click here.
Originally posted on Auto Dealer Today
More Showroom
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
Read More →
Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
Read More →
California Hybrids Reach State Record
The Golden State still leads the country in electric-vehicle registrations, but much like the rest of the U.S. its hybrid market share is up while full electrics stabilize after a dramatic first-quarter dip.
Read More →
My Mercedes in the U.S.
The German brand debuted its studio dealership concept for the first time in the states in Los Angeles, tapping Americans’ penchant for creative distinctions.
Read More →
Used Sales Hit Summer Drag
The vacation season, combined with high prices, has dented deliveries and added to inventories, though supply is still slim enough to keep listings elevated.
Read More →
California Launches EV Rebate Program
Participating automakers are matching the state's $13.5 million investment in new electric-vehicle rebates scheduled to take effect later this summer.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
The Trade-In Paradox
Retailing older cars with confidence in today’s market is a matter of establishing and following a clear process that can turn greater profit for auto dealers as they aim to meet used-unit hunger.
Read More →
Focus on Vehicle Cabins
The market for interior materials will grow in coming years as automakers look to meet consumer demand while staying competitive with changeups to sourcing and included features.
Read More →