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While November began with a slight increase in inventory levels from September’s all-time lows, limited vehicle availability continues to keep sales well below current demand.
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MBO Partners latest data report shows record-breaking growth in number of independent workers from 38 million in 2020 to over 51 million in 2021.
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As we head into the last month of the year, used retail listings have stabilized around 16% below where we started the year.
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The seasonally adjusted Retention Index increased to 189.9 points, reaching another record.
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Experian’s "State of the Automotive Finance Market: Q3 2021" report finds delinquencies remain lower than pre-pandemic levels.
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The new cloud-based data system will help automakers remotely diagnose vehicle issues to prevent recalls, improve safety, and manage related data.
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Though challenges remain, many positive signs point to a return to normal some time in 2022, says NADA Chairman Paul Walser.
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November’s seasonally adjusted annual rate of sales is forecast to finish near 13.4 million, down 16% from last year when the sales pace was 15.9 million.
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Commerce Secretary urges Congress to pass funding designed to boost domestic production of semiconductor chips.
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Automaker reports batteries will power half of the vehicles it sells by 2030.
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