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).
The Future of Intelligent Tires in the Auto Industry (PDF) In the years to come, as electric vehicles become more popular, tire sensors will likely become smarter and generate more valuable data, industry executives say. That’s an important safety factor. Electric vehicles are usually heavier and generate more torque
Auto Market Update Week Ending Mar 11, 2023 (PDF) During the last week, the market saw its largest single weekly gain in quite some time. The last time we saw a similar gain was in November 2021. Despite abundant activity at the auctions, there were no sales on vehicles,
Auto Incentives and Rebates Week Ending Mar 18, 2023 (PDF) A summary of retail incentives for the week ending March 11 is provided in the table below. We did have some major changes compared to the previous week, especially with Stellantis and Nissan making the most significant ones. Programs
Top Auto Brands Ranked for Responsiveness to Online Customers Inquiries (PDF) The Pied Piper PSI Internet Lead Effectiveness Study measured how quickly and effectively dealerships responded to Internet customers’ inquiries. As a result of sending specific questions to 5,428 dealership websites, Pied Piper gave each store a score out
Auto Market Update Week Ending Mar 4, 2023 (PDF) Vehicle valuations are continuing to increase, as are conversion rates at auctions. Week-over-week increases have reached levels we haven’t seen since the fourth quarter of 2021. Compared to the previous week, the overall Car segment increased by +0.46% volume-weighted. Last
Auto Incentives and Rebates Week Ending Mar 11, 2023 (PDF) A summary of retail incentives for the week ending March 11 is provided in the table below. We did have some major changes compared to the previous week, especially with Hyundai – Kia making the most significant ones. Programs
U.S. Car Sales Exceeded Expectations in February (PDF) The demand from both consumers and fleet customers remained strong in February, but automakers are facing a balancing act to maintain profitability with severely underutilized factories. The new vehicle market has reacted well this month, recording sales growth compared to 2022. This
What Auto Brands Are Most Popular With Female Buyers (PDF) When it comes to American vehicle purchases, brands like Ram, GMC, Ford, Tesla, and Dodge have the lowest female share. Market research from S&P Global Mobility estimates that only 17% of new Ram personal vehicle registrations in 2022 have
Auto Market Update Week Ending Feb 25, 2023 (PDF) Continuing its upward trend that started three weeks ago, the market gained another 0.21% after gaining 0.14% the week prior. The last time the market gained this much in one week was in May 2022. Compared to the previous week,
Auto Incentives and Rebates Week Ending Mar 4, 2023 (PDF) A summary of retail incentives for the week ending March 4 is provided in the table below. We didn’t have many changes compared to the previous week, with only the Volkswagen Group making the most significant changes. Programs may
US Dealer Groups Show Strong F&I Profits in Q4 2022 (PDF) The prospect of rising interest rates in 2023 could affect the finance and insurance businesses of publicly traded franchised dealership groups. Six publicly-traded franchised auto retailers might be experiencing a leveling off in their finance-and-insurance gross profit per
Even a minor accident can significantly impact the value of your 2022 Tesla Model Y. Despite high-quality repairs, the mere fact that your vehicle has a documented accident history can reduce its resale value. That’s where diminished value comes into play. The reality is that the insurance company is not
Auto Market Update Week Ending Feb 18, 2023 (PDF) Last week, the market gained another 0.14 percent. The 2-to-8-year-old car segment had the largest increase of 0.19%, while the 0-to-2-year-old car segment saw the largest increase of 0.41%. That is the largest increase this segment of vehicles has seen
Auto Incentives and Rebates Week Ending Feb 25, 2023 (PDF) A summary of retail incentives for the week ending February 25 is provided in the table below. We didn’t have many changes compared to the previous week, with only Ford, Mazda, and Stellantis making the most significant changes. Programs
EVs Are on The Radar of Toyota’s New CEO (PDF) The incoming CEO of Toyota, one of the world’s largest automakers, said this week he plans to increase production of electric vehicles, starting with the Lexus luxury brand. Because of the strategy of the outgoing CEO and grandson of
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