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Lithia Motors Predicts End to New-Vehicle Shortage  

Lithia Motors Predicts End to New-Vehicle Shortage  

“We expect inventories to continue to normalize throughout the back half of 2021 and in the first part of 2022,” said Chris Holzshu, Lithia chief operating officer, in an earnings conference call.

July 29, 2021

Biden to Resurrect Obama-era Push to Green Auto Mileage Standards
TRADE X Secures $35 Million in New Equity Financing for Global Expansion
Black Book: Market Insights Report

Black Book: Market Insights Report

While this is the fourth consecutive week of declining wholesale values, decreases are still relatively modest compared to year-to-date gains.

July 27, 2021

Cadillac: Our Future is Electric

Cadillac: Our Future is Electric

Cadillac announces that every new or redesigned vehicle in North America will be electric to fulfill the luxury brand’s role as General Motors’ lead EV brand.

July 27, 2021

Chip Shortage: Biden Administration Reports Relief On Its Way
Weekly Market Insights Report

Weekly Market Insights Report

Used wholesale and retail prices are starting to stabilize in July (although at a remarkably high plateau), but new car sales are still on a rollercoaster as the chip shortage is finally showing up in the new sales numbers.

July 20, 2021

AutoNation Expects Strong Demand Into 2022

AutoNation Expects Strong Demand Into 2022

AutoNation predicts demand for new vehicles will continue into next year, as low-interest rates and robust demand helped the retailer boost quarterly earnings estimates.

July 20, 2021

Tariffs on Used Car Exports From Canada in Question
Used Car Sales Returning to Normal

Used Car Sales Returning to Normal

The frenzied sales fever that pushed new car sales to record heights is cooling, with demand for pre-owned vehicles returning to more normal levels.

July 15, 2021

Effects of Lockdown Keeps Vehicle Owners Locked in on Their Current Brand, J.D. Power Finds
Build-to-Order Gains Momentum
Market Insights from Black Book

Market Insights from Black Book

Wholesale values continue to decline after a monstrous 22-consecutive weeks of gains; however, sales conversion rates were also down last week. We anticipate that dealers will begin gradually and moderately reducing their floors.

July 13, 2021

Black Book Used Vehicle Retention Index Shows Another Increase In June
Americans are Borrowing Again
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