Tag: inflation
Study finds Americans are driving less as gas prices soar
California's price for a gallon of regular unleaded gasoline hovered around $6.42 per gallon on Tuesday, the highest fuel price in the country. The national average...
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...
Cox Automotive: Dealer sentiment down amid concerns about inflation, expenses
Cox Automotive has released its Dealer Sentiment Index for the second quarter, which was compiled from dealers’ responses from April 25th to May 9th....
What should car dealers expect from the used car market this...
Welcome to this week's episode of Used Cars Weekly, the original CBT News show dedicated to bringing car dealers best practices and tips for the...
U.S. adults are changing financial decisions due to inflation, according to...
According to a recent report from First Insight, a staggering 97% of 1,000 U.S. adults surveyed indicated they are shifting their financial decisions to accommodate high...
Fed raises interest rates by half a percentage point, aims to...
On Wednesday, May 4, the Federal Reserve announced another target interest rate hike intending to quell inflation wreaking havoc American economy. The Fed's target...
Buy/Sell transactions skyrocketed in 2021 indicating more consolidation ahead
On this edition of Inside Automotive, we’re pleased to welcome back Erin Kerrigan, Founder, and Managing Director of Kerrigan Advisors. Today Kerrigan walks us...
Fed approved first interest rate hike in three years, signals more...
On Wednesday, the Federal Reserve announced that the target interest rate for federal funds is being increased by a quarter of a percentage point....
Crisis in Ukraine drives inflation up, slows supply chain down—are car...
Today on Inside Automotive, Cox Automotive Chief Economist Jonathan Smoke, shares his perspective on the major forces currently affecting the U.S. economy, and what...
Living paycheck to paycheck a reality for nearly two-thirds of consumers
Purchasing a vehicle is the second-largest transaction most Americans make in their lifetime, next to buying a home. For an increasing number of American...
