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Luxury vehicle share rose to 17.4% of total sales in April, up from 16.7% of total sales in March, helping push overall average transaction prices up.
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While demand for commercial vehicle inventory remained high, several movements in the data indicated there are trends shaping the industry and driving buyer behavior.
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The seasonally adjusted Retention Index went down to 185.4 points in April 2022 as high gas prices strengthen some segments and weaken others.
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The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.
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The loss leader in this equation was Toyota Motor Corp., which saw April sales volume fall 23%.
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The automaker saw a Quarter One net income of $2.9 billion, just 2.7% lower than 2021, despite $2.5 billion in increased costs as global revenue rose 11%.
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Toyota Motor Corp. is getting closer to using up a key U.S. tax credit for hybrid and electric vehicles, a situation company leaders say will raise its costs and hinder the adoption of climate-friendly cars.
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Acquisition adds complementary product portfolio to Protective's asset protection division.
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MMNA’s Customer Experience Award was created in 2020 to recognize the dealer partner with the highest-combined sales and customer-satisfaction scores.
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Winners revealed by consumer rankings in the world’s longest running automotive benchmark study of vehicle buyer expectations.
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