Black Book: Weekly Market Report
Wholesale values are finally starting to simmer down but make no mistake, supply channels haven’t been restored and the market remains strong.
Wholesale values are finally starting to simmer down but make no mistake, supply channels haven’t been restored and the market remains strong.
As the industry rethinks the way in which it sources chips, auto retailers are left to deal with the true fallout — a lack of inventory.
Toyota saw sales rise to 840,303 units in May, led by swiftly recovering demand in North America.
Whether shoppers are looking for a practical crossover, a rugged pickup truck, a fun performance car or anything in between, there’s a used car, truck or SUV out there for everyone – even if they have to look a little harder than usual in the current marketplace.
Another week of gains for the exceptionally strong wholesale market; however, that pace has slowed tremendously.
The automaker declares 2040 as the date it will phase out gasoline-powered cars.
Electric vehicle registrations jumped 95% to 133,509 in January through April, compared to the same period in 2020.
Wholesale prices remain strong, however there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling.
A majority of dealership leaders – approximately 65% – report they plan to increase the total number of employees in the dealership this year.
Nissan will suspend production of the Murano, Leaf and Maxima at its Smyrna, Tennessee, plant for four additional weeks after its summer shutdown ends.
As a manager it’s your job to make the sales team want to keep up with their daily tasks by challenging them to come up with creative ways to accomplish tasks without making it seem like a chore.
Car supply shortage squeezes sellers and shoppers as Cars.com finds nearly 1-in-3 recent buyers drove 100 miles or more for the car they want.
We’re just beginning to see the story of data privacy and big tech play out, and it’s important to stay aware of how market and economic dynamics, shifts in consumer behavior, marketing trends, and technology advances can impact your dealership.
President Biden assigned the task force to develop responses for near-term supply challenges in key industries.
The bill earmarks $52 billion to help domestic semiconductor manufacturers expand production.
Kelley Blue Book editors rank and comment on the 10 Best Back-to-School Cars for 2019, all starting at around $20,000 or less and still available on new-car lots.
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