Black Book: Weekly Market Update
The overall market continued to decline this past week, but the rate of depreciation lessened, and some segments reported positive pricing movement.
August 24, 2021
The overall market continued to decline this past week, but the rate of depreciation lessened, and some segments reported positive pricing movement.
August 24, 2021
Inventory shortages continue to push average loan amounts and monthly payments for used vehicles higher.
August 23, 2021
Lease credit approvals reached 70.0% in July; Up from 67.6% in June.
August 23, 2021
Urban Science’s midyear Automotive Franchise Activity Report puts average throughput at 910 new vehicles per store this year.
August 19, 2021
Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
August 17, 2021
The U.S. Senate passed a $1 trillion infrastructure bill on a bipartisan 69-30 vote. The vote came after months of negotiations and debate.
August 12, 2021
Brands with unfavorable lease policies continue to see lower brand loyalty.
August 10, 2021
Despite the limited inventory on dealer lots, dealer lanes continue to have higher volume at auction, while manufacturers’ remarketing lanes are offering less and less in open sales channels.
August 10, 2021
LMC Automotive expects the semiconductor shortage to cut production in North America by about 452,000 units over the remaining months. The company also expects the chip shortage to impact production by about 1.5 million units.
August 10, 2021
Last month we noted that the record run of value increases we have seen over the past 18 months appeared to be slowing down and possibly ending.
August 5, 2021
As wholesale prices started to decline in July, the seasonally adjusted Retention Index reversed the trend for the first time this year and decrease to 161.8 points.
August 5, 2021
The company will idle plants in Flint, Michigan; Fort Wayne, Indiana; and Silao, Mexico, just one week after the plants resumed production after an earlier shutdown related to the shortage.
August 4, 2021
Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
August 3, 2021
Ford presently offers only five key vehicle models in the country including its flagship EcoSport and Endeavour models, which are now losing share to newer competing products.
August 3, 2021
“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
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In