The landscape of the US auto dealership industry has seen some interesting shifts over the past year. From strategic expansions to evolving customer preferences, the top players have navigated these changes with varying degrees of success. In this article, we’ll take a close look at the rankings of the leading
Wondering how the auto market is shaping up as we head into the summer? Well, you’re in the right place! This week’s update uncovers some intriguing trends that most websites gloss over. Let’s dive into the data and see what’s happening in the world of cars and trucks. Auto Market
Accidents happen, and when they do, they can really hit you in the wallet, especially if you own a vehicle like the 2022 GMC Canyon Denali. When a car gets damaged and repaired, its market value usually takes a hit. This decrease in value is known as diminished value. In
The auto market for the week ending May 18, 2024, is marked by a sense of stability with subtle yet significant shifts that paint a detailed picture of current trends. While overall prices remain steady, a closer look reveals interesting dynamics across various segments. Auto Market Update Week Ending May
The Biden administration’s recent decision to impose stiff new tariffs on Chinese electric vehicles (EVs) and critical minerals has sparked a wave of discussions. While some believe this move is necessary to bolster domestic production, others are concerned about the immediate economic impacts and the potential rise in EV prices.
Imagine you’re at a car dealership, excited to pick out your new ride. You’ve found the perfect car, and it’s just within your budget. But there’s a hitch: your credit score isn’t quite up to the mark. Traditional scoring methods say you’re a risk, but are they telling the whole
As the sun dips lower each evening, casting longer shadows over the bustling streets, so too does the automotive market hint at a shift with the arrival of spring’s twilight. This week, as families unpack picnic baskets and adventurers dust off their hiking boots, the auto industry reflects a different
In the second week of April 2024, the auto market showed signs of a spring slowdown, reflecting a cautious approach from buyers and a nuanced shift in market dynamics. The overall market inched up slightly by +0.05%, while Trucks and SUVs experienced a minor decline of -0.02%. This week paints
Once upon a time, opting for a used car felt like grabbing a winning ticket—affordable, practical, and just a tad worn. However, as the calendar flipped to the early months of 2024, buyers stepping into the market encountered a new scene: a daunting average interest rate of 11.7% on used
Imagine you’re standing at a crossroads in a bustling city. To your left, luxury cars gleam under the showroom lights, but as you turn right, you notice older models quietly increasing in value. This week, the auto market tells a similar story of diverging paths, where growth continues but with
Imagine walking into a car dealership on a sunny Saturday morning, ready to finally make the switch to an electric vehicle (EV). As you discuss the price, the dealer smiles and says, “Let’s apply for your EV tax credit right now and reduce the price immediately.” This isn’t a dream
Picture this: streets lined with cars that don’t make much noise and don’t spew smoke. These cars are part of why you might end up with a few extra dollars in your pocket at the end of the month, even if you don’t own one. Yes, we’re talking about electric
In the vast world of auto financing, consumers with lower credit scores often find themselves navigating a confusing labyrinth. Recent findings by Open Lending spotlight a crucial roadblock: the lack of clear information and trust in the auto loan process. This journey, fraught with increased monthly payments and a high
When spring rolls around, we often think about growth and new beginnings. This year, it’s not just the flowers in bloom or the trees turning green—car sales are showing their own kind of springtime growth. It’s a refreshing change from last year, with the latest figures indicating a strong uptick
The recent update in vehicle emissions rules by the U.S. Environmental Protection Agency (EPA) is a prime example of a regulatory body aligning itself more closely with industry capabilities and consumer behavior. The initial standards set by the EPA were challenging, to say the least, and the auto industry expressed
Spring is finally here, and just like the weather, things in the car world are starting to heat up, too. Let’s imagine we’re at a car auction. People are buzzing around, cars are being sold, and there’s a sense of excitement in the air. This is a lot like what’s
In the dawn of the new year, amidst the quiet streets and the subtle hum of electric vehicles (EVs) cruising by, something interesting was happening in the U.S. The numbers were in, and they told a story of growth, albeit at a more subdued pace than before. January marked a
Once in a modern era, in the bustling world of international politics and global trade, a dramatic announcement echoed from the United States, setting the stage for a tale of tariffs, trade, and tension. This wasn’t just any policy pronouncement; it was a bold move by former President Donald Trump,
As the first rays of the March sun thaw the remnants of winter’s chill, the automotive market, much like the resilient early spring blooms, is showing signs of vigorous life and renewal. Amidst this season of rejuvenation, the narrative of the week ending March 09, 2024, unfolds, revealing a tale
As the last leaves fell in the autumn of 2023, so did the F&I gross profit per vehicle for the majority of public dealership groups. It was a quarter that many in the automotive industry watched closely, as whispers of change turned into tangible outcomes. But what caused this shift
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