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Though forecasts predict the global semiconductor shortage may not right itself until 2023, vehicle manufacturers express hope for improvement in Quarter 4.
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Hurricane Ida damages vehicles at New Jersey and Louisiana dealerships.
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The slowing auto market will lead Cox Automotive to revise downward its full-year new-vehicle sales forecast.
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On a volume-weighted basis, the overall Car segment increased +0.18%. For reference, the previous week cars increased by +0.06%.
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Japanese automaker Toyota plans to spend U$13.5bn to develop electric vehicle battery technology and supply system by 2030.
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Media Gallery is part of Rapid Recon’s product features to help automobile dealers maximize used car sales and profitability by improving the speed-to-sale of their used car inventory.
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The seasonally adjusted Retention Index increased to 165.7 points, barely missing another record.
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AutoPay+PERKS amplifies a dealer’s two biggest profit centers in one easy step.
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With the addition of CARWAVE’s scale and financial performance, KAR expects to be immediately profitable across its North American dealer-to-dealer platforms.
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August will be a fourth consecutive month of slowing sales and looks to be coming in even lower than our forecast of 1.2 million, a 9% decline from August 2020.
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