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The number of vehicles canceled from automaker production schedules worldwide due to the shortage now exceeds 2 million, according to AutoForecast Solutions.
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Automakers have urged Congress to lift a cap on the $7,500 electric vehicle tax credit.
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Index reverses a 3-month slide and increases to 188.8 points in May 2022 as tight new inventory and record low incentives push used wholesale prices up across most segments.
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Over 10,000 enrolled dealerships enabled to exchange vehicles at pre-determined prices.
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Profits Creation provides F&I products and sales support to automotive dealers across the southeast.
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The CarPlay upgrade will move the software from an infotainment system to a software solution that lets drivers control parts of their vehicle and access more operational information.
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The Joint Channel Forecast Model details a strong aftermarket recovery coupled with indicators for continued growth.
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U.S. auto safety regulators investigate whether a New York Ford dealership delivered a new vehicle with an outstanding safety recall.
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All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
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New Experian report shows ongoing impact of inventory shortage on automotive finance market, as average vehicle loan amounts and monthly payments continue to rise.
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