Public views of infrastructure reach new low, despite plans for better.
NADA Market Beat report reveals double-digit spike in new light-duty sales in May.
Robust demand and increased vehicle availability drive significant growth.
LMC Automotive and J.D. Power predict U.S. auto retail sales will rise in October as supply chains improve and make more vehicles available to dealerships.
The average interest rate paid on a new vehicle purchase hit 5.7% in September, up from about 4% in 2021.
Industry analysts predict U.S. auto retail sales will dip in January as manufacturing slows.
Consumers ranked Tesla’s app the highest, but respondents reported they were not completely satisfied with any of the apps they tested.
Combined sales at the seven major automakers that release monthly results dropped 17% in October. Automakers cite the semiconductor chip shortage and supply chain bottlenecks as the reason.
The intent of the alliance is to give consumers more flexible choices when making vehicle purchase decisions.
Michael Stanton Jr., former vice president and general manager of J.D. Power’s Vehicle Valuation Practice, formerly known as the NADA Used Car Guide, has returned to the NADA to work across the organization on strategic and operational issues.
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