Senate measure aims to remedy inventory-shortage effects.
Dealers told at NADA Show that supply issues haven’t gone away.
U.S. auto dealers cite a poor economy, higher interest rates and low inventory as the reason why, finds the Cox Automotive Dealer Sentiment Index.
CDK Global’s monthly purchase scorecard highlights October consumer buying trends
Earnings eclipse $100K for first time as low inventory, higher sticker prices pad wallets.
Ford, GM say they’ll ship unfinished vehicles by year’s end as supply issue eases.
NADA President and CEO Mike Stanton discussed the state of automotive retail today in the most recent NADA Update.
Though improved, inventory issues remain, along with other market pressures.
The average interest rate paid on a new vehicle purchase hit 5.7% in September, up from about 4% in 2021.
J.D. Power and LMC Automotive report predicts average new vehicle transaction prices will hit a record $46,259 in August.
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