Introduction November 2024 brings a range of significant developments within the auto market. As we progress through the fourth quarter, seasonal trends and broader economic factors are affecting wholesale prices, retail dynamics, and auction activities. Here’s a breakdown of the key changes shaping the automotive landscape this month. Quick Stats
October 2024 Auto Market Update—Week Ending October 29th Introduction In the final week of October, the auto market continued to adjust as wholesale prices softened across both car and truck segments. With seasonal demand stabilizing, certain segments saw sharper price declines, influenced by broader inventory levels and steady auction activity.
October 2024: Auto Market Update – Week of 10/22/24 The automotive market in the third week of October 2024 continued its seasonal adjustments, with wholesale prices experiencing further declines across both car and truck segments. Market behavior this week reflects expected trends as we move further into fall, where price
October 2024: Auto Market Update – First Week Trends and Insights The first week of October 2024 brought notable shifts in the auto market, influenced by several key factors. On the wholesale side, we observed price declines across both car and truck segments. Meanwhile, disruptions from Hurricane Milton in Florida
Thinking about switching to a hybrid this year? You’re not alone. More people than ever are choosing fuel-efficient hybrids to save money on gas and reduce their environmental impact. The good news? The best hybrid cars of 2024 offer amazing choices, whether you’re after a sleek sedan or a spacious
Another week, another auto market update! This time, with a special month review!If you’re asking yourself which of those were the most profitable niches and trends, you’re in the right place. Since the start of September, we’ve seen the core aspect of auto sales remain “affordability.” Now, in the last
Best Auto Incentives and Rebates in November 2023 Greetings! Welcome to our weekly Auto Incentives and Rebates update, where we strive to provide you with the most current and exciting news. Our mission is to assist you in discovering exceptional deals and savings for your desired vehicle. To ensure accuracy,
Toyota’s Growth Trajectory: Achieving Record Production, Sales, and Profit (PDF) Toyota’s CEO, Koji Sato, unveiled the company’s quarterly financial results, highlighting Toyota’s financial resilience as it strives to catch up in the electric vehicle (EV) market and navigate the influx of aggressive competitors from Silicon Valley and China. FY
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
Used Cars That Appreciate Despite a Softening Market (PDF) Typically, automobiles don’t appreciate value. However, in 2022, the global market experienced an unprecedented shift, causing pre-owned cars to trade for an average of 8.5 percent more than new cars. Fortunately, the market has since returned to normal, and this is
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
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
Inflation Concerns Add Challenges to the Used Car Market (PDF) Even as the Federal Reserve raises interest rates, a surprise spike in used-vehicle prices last month is fueling frustration among US car buyers. As a result of the 2.5% rise in used vehicle prices from December, Manheim said some
Auto Industry Reacts to Tesla Price Cuts (PDF) Most automakers are holding their prices firm and introducing more affordable models later, while a few, such as Ford, have responded to Tesla’s price cuts of up to 20 percent. It’s still too early to call it an electric vehicle price war,
Auto Suppliers May Face Another Tough Year (PDF) We might be in for a fourth year of challenges and setbacks for suppliers. As parts suppliers navigate the uncertainty in the new-vehicle market and the economy, it’s already shaping up to be another bumpy year as inflation and rising interest
What to Expect From the Leasing Market in 2023? (PDF) Despite not returning to its pre-pandemic share of one-third of retail auto sales as of 2022, auto leasing is expected to represent more of the market in 2023 after bottoming out in 2022. In 2023, experts predict that leasing
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