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The downgrade of U.S. debt and the 400-point swings of the Dow Jones Industrial Average last week didn’t sit well with consumers, according to CNW’s preliminary data for August. The good news is automakers are responding by boosting incentive spending. But will it be enough?
Read More →Kbb.com anticipates the slowdown in new-car sales and leasing will impact used-car values for years to come, with current supply reductions expected to play a key role in the wholesale used-car market.
Read More →Despite incentives picking up in July, TrueCar.com expects new- and used-vehicle sales to be down 0.9 percent and 1.8 percent, respectively.
Read More →NADA Used Car Guide expects average trade-in values for popular, fuel-efficient small cars (2006-2009 model years) to be 10 to 30 percent higher in August 2011 than they were at the beginning of the year.
Read More →Consumers were back on the sidelines for the first 15 days of July, according to CNW Research, as car buyers continued to wait for the expected increase in incentives after the summer months.
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ALG’s Eric Lyman talks to the magazine about the potential pricing bubble looming over the used-vehicle market in this exclusive interview with F&I and Showroom magazine.
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The industry is facing another possible crisis, but nobody seems to be in panic mode just yet.
Read More →At least 50 used-car transactions involving Ohio State University athletes and family members and a former Columbus car salesman will be the focus of a new investigation by the school’s athletic department.
Read More →Lithia Motors Inc. reported on Wednesday adjusted first quarter 2011 net income from continuing operations of $9.1 million, up from $2.3 million in the year-ago period.
Read More →Group 1 Automotive Inc.'s adjusted net income increased 48.5 percent to $15.5 million for the quarter ended March 31.
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