Auto Market Update Week Ending Apr 29, 2023 (PDF) Market gains continued last week, but at a slower rate than they have been for the past few weeks. Seven of the twenty-two segments we track reported declines last week, the highest number since mid-February for segments reporting declines. The market
Auto Incentives and Rebates Week Ending May 6, 2023 (PDF) Welcome to our weekly update on the latest auto incentives and rebates. This edition covers the retail incentives available until May 9th, with major automakers such as Ford and Toyota Motor North America offering exciting new deals. Keep in mind
Pickup Trucks Dominate Dealer Lots as Inventory Grows (PDF) Good news for those in the market for a full-size pickup truck: inventory shortages are easing, and wait times are decreasing. This shift in availability comes just in time for the spring selling season, which means dealerships may be better equipped
How Subaru Became a Leader in Subcompact SUVs (PDF) Subaru has hit a major milestone with its Crosstrek subcompact crossover, as the automaker announces that the model has now sold over 1 million units. The Crosstrek was first introduced in 2012 and has since become Subaru’s fastest-growing nameplate ever. Even
Auto Market Update Week Ending Apr 22, 2023(PDF) Sporty Cars still reported some of the largest gains last week, while the market continued to report increases. In 2019, the segment had only recorded nine consecutive weeks of gains during the traditional spring market, but this season, the segment has recorded
The Updated List of EV Models Eligible for Tax Credits in the US (PDF) The US Treasury Department has removed nine electric vehicle models from the list of cars eligible for a $7,500 tax credit under the Inflation Reduction Act. New revised standards for qualification require that vehicles be assembled
Tesla Sales Growth Slows Despite Price Cuts (PDF) According to new vehicle registration data, Tesla’s growth rate has slowed down in January and February 2023. Tesla’s share of the electric vehicle (EV) market dropped sharply in 2022 despite the automaker’s price cuts and the US government’s new round of federal
Auto Market Update Week Ending Apr 15, 2023 (PDF) Although values continued to rise last week, the rate of gain has slowed. Additionally, auction conversion rates are weakening as sellers have held firm on their floors. With fewer bidders tuning into many lanes, auctioneers are having to work a little
Auto Incentives and Rebates Week Ending Apr 22, 2023 (PDF) We’re back with our weekly compilation of the latest auto incentives and rebates that you can avail of in the market. This particular edition highlights the retail incentives available until April 22nd. Whether you’re eyeing a new car, truck, or
Electrifying Growth: 75% Of Cars Could Be EVs by 2050 (PDF) According to a recent report from Energy Innovation, if certain states in the US follow California’s ban on gasoline vehicle sales by 2035, as many as 3 in 4 vehicles on American roads could be electric by 2050. The
South Florida Flood Leaves Cars Under Water (PDF) South Florida has been hit by heavy rainfall in recent days, causing flooding in many low-lying areas and neighborhoods. Temporary pumps were deployed in various locations, but some areas still experienced minor flooding, such as Edgewater. The situation has resulted in cars
Auto Incentives and Rebates Week Ending Apr 15, 2023 (PDF) Welcome to our weekly roundup of the latest auto incentives and rebates available in the market. This edition highlights the retail incentives for the week ending April 15th. Whether you’re in the market for a new car, truck, or SUV,
Auto Market Update Week Ending Apr 1, 2023 (PDF) In another week of larger-than-typical gains, the market increased by +0.51%. The market continues to decline in full-size and compact vans, but the rate of decline is decreasing each week. Nineteen of the twenty-two segments we report on each week had
Open Lending Expands Eligibility to Older Cars (PDF) As the average age of cars on American roads increases, more and more people are lowering their credit scores by seeking out financing for older vehicles. Data from S&P Global indicates that in 2022, these consumers financed cars for an average of
Auto Market Update Week Ending Mar 25, 2023 (PDF) The market has been better than expected this time of year, with the weekly rate of return similar to what was seen in 2021. However, conversion rates have not returned to their previous levels as sellers are raising their floors and
Auto Incentives and Rebates Week Ending Mar 31, 2023 (PDF) A summary of retail incentives for the week ending March 31 is provided in the table below. We didn’t have major changes compared to the previous week, with only Stellantis making the most significant ones. Programs may vary by region
Are you curious about the vehicles that qualify for Section 179 deductions? The IRS list of vehicles over 6000 lbs holds the key. In this quick guide, we provide a clear and concise breakdown of eligibility, helping businesses maximize tax savings through available deductions. Get ready to navigate the IRS
Auto Market Update Week Ending Mar 18, 2023 (PDF) Last week, the market continued to grow, with gains exceeding what is normally seen at this time of year. It was around this time of year that some segments started moving into positive territory before COVID, but the majority of
Auto Incentives and Rebates Week Ending Mar 25, 2023 (PDF) A summary of retail incentives for the week ending March 25 is provided in the table below. We did have some major changes compared to the previous week, especially with Mazda and Volkswagen making the most significant ones. Programs
Tesla Starts 2023 Leading the US Luxury Car Market (PDF) In the month of January, Tesla became the luxury market leader in the United States for 2023, with 49,917 new registrations. This represents an incredible number compared to brands such as BMW (31,070 registrations) and Mercedes-Benz (23,345) and Lexus (23,082).
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