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Renewed credit facility and securitized term note reinforces NextGear Capital as a strong lending partner for independent dealers.
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Traditionally, as we move past Labor Day, values begin to decline, with the largest portion of the yearly depreciation typically occurring in the fourth quarter. However, that is not the case this year, we’ve now had four consecutive weeks of overall market increases in wholesale values.
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Current inventory levels rest at a 31-day supply for U.S. dealers, reports Cox Automotive subsidiary vAuto.
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Auto dealership buy/sell market on path to most active year in history – 320 transactions June 2020 to June 2021.
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The U.S. Commerce department reported the uptick of 0.7% in retail sales.
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Stein will play an integral role in expanding the motormindz global footprint and launching its venture fund, which will identify and accelerate business solutions for a rapidly changing automotive industry.
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Client shared services center meets clients’ needs for easier, faster post-sale operations.
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Inspections at ADESA Vehicle Logistics Centers will include emissions codes more clearly displayed on condition reports.
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This less expensive and safer battery technology will lower the prices of EVs and make them more accessible to price-conscious consumers and resource-constrained nations.
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General Motors will extend production cuts at crossover, midsize pickup and sedan plants because of the semiconductor chip shortage but will resume full-size pickup production on Monday.
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