Tag: economy
Wholesale prices rose 10.8% in May due to inflation pressures
Inflation has been affecting the world for years; however, rates have skyrocketed over the last few months. Wholesale prices are also increasing significantly, which...
Can dealers avoid overpaying for used inventory with the economy in...
From May 2021 to May 2022, the prices of used cars at auction rose more than 12% according to the Manheim Used Vehicle Value...
Where does the semiconductor chip shortage stand today?
With modern cars sometimes needing thousands of semiconductor chips to run the various electronics, automakers are still feeling the effects of the shortage. Today’s...
A look inside the current state of the semiconductor microchip shortage
While automakers and basically every manufacturer around the world were hoping the semiconductor microchip shortage would be a thing of the past by now,...
What’s the reason behind fluctuating wholesale values?
Wholesale values fluctuated significantly throughout the past month leaving many of you wondering what this means for you, the industry, and why it is...
Auto sales forge ahead in May despite inventory shortages
April was one of the best months in automotive retail historically, and May was expected to be similar. However, the seasonally adjusted annual rate...
The National Retail Federation projects retail sales growth in 2021 with...
The year 2020 was a challenging one—particularly for the automotive industry. During the start of the pandemic, U.S. vehicle sales fell as much as...
Dealer sentiment acknowledges both slow downs and bright spots in Q4
Earlier this week, Cox Automotive released their Dealer Sentiment Index report and survey results for Q4. The study showcased responses from 1,077 auto dealers, which were...
Five takeaways from used-car consignment company CarLotz public merger
Even in light of the COVID-19 pandemic, business is still brewing for companies in the automotive industry. On October 22, 2020, used-car consignment company...
Hertz navigating bankruptcy, but rental car industry expecting growth
The goliath car rental corporation Hertz Global Holdings continues to battle their way through bankruptcy proceedings post-COVID. On May 22, 2020, Hertz filed for...
