The wholesale auto market saw some interesting twists in the week ending September 7th, 2024. The current trend is a departure from the usual seasonal patterns. While the used car market is cooling down, trucks and SUVs are displaying strong growth. It’s a delicate balance – cars are declining, but
Curious about the cheapest car of 2024? It seems that even the most basic vehicles cost a small fortune these days, making it tough for budget-conscious buyers. Enter the Changzhou ChangLi S1-Pro—the world’s cheapest car of 2024. At just a fraction of the cost of traditional cars, could this micro-electric
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
Vinfast VF 8 Disappoints With Low Driving Range (PDF) Vinfast, a Vietnamese automaker, delivered its first 999 fully electric vehicles to the U.S. in late December, but the EPA range is much shorter than that advertised. In contrast to the 260 miles advertised on the Vinfast website, the newly
Vietnamese Automaker VinFast Exports First EVs To The U.S. (PDF) VinFast celebrated the success of its first batch of all-electric cars being exported to international markets on 25 November. The Vietnamese automaker has sent a total of 999 units of the VF 8 model to the US. The ship
Hydrogen Fuel Cell Car Sales Decline In Q3 2022 (PDF) Hydrogen fuel cell cars, the alternative to electric cars, haven’t shown any growth in sales. Without much of a chance for significant growth, they might not be the solution they claim to be. In the third quarter of 2022,
Auto Market Recap Q1 2022 (PDF) Will there be a spring market? Although there is uncertainty about how strong the spring market will be this year, here’s what we saw in Q1 2022: With a continued lack of new inventory for rental companies, high fuel prices, and tax season, we
Auto industry data for March 2021. Wholesale values continued their gains l with all segments reporting increases in valuations. The mainstream car and truck segments had the largest gains, but the luxury segments are also seeing positive momentum. Remarketers raised floors last week and anticipate doing the same heading into
Georgia Motor Vehicle Division Extension of Motor Vehicle Registrations Due to concerns regarding COVID-19, the Georgia Motor Vehicle Division (MVD) is extending all motor vehicle registrations that expire between March 16, 2020, and May 14, 2020. Those registrations are extended through May 15, 2020. This extension applies to personal passenger
US Auto Inventory & Day Supply for March 2020 Day Supply February Day Supply March Inventory Units American Honda 88 83 381,400 Hyundai Kia 72 62 256,300 Mazda N.A. 58 57 61,900 Mitsubishi Motors 77 55 33,000 Subaru America 35 37 73,400 Toyota
Below is a list of the day supply by brand for August 2019. What is Day Supply? Day Supply is the number of days it takes for a dealer to sell out of his vehicle inventory as long as no fresh units are being added. High Day Supply =
List of the largest 100 part suppliers to North America 2018 List of the top 20 in Millions of dollars in sales (Total North America 2018, 2017, Total Global, 2018, 2017). Magna International Inc. 337 Magna Drive Aurora, Ontario L4G 7K1, Canada (905) 726-2462; magna.com CEO : Donald Walker $20,414
Market Observations Report – June 2019 Cars declined greater than trucks. Day Supply for Full-Size Pickups is at a 4-year high. Used pickup values remain high. Incentives/Rebates are likely to increase on new trucks due to high supply. Volume-weighted, overall car segment values decreased by 0.31% last week of May
Q: What’s the impact of tariffs on vehicle sales in the US? A: Tariffs or quotas on imported vehicles and parts will hurt vehicle sales and raise prices of U.S.-built and imported vehicles. Impact of a 25% Tariff Volume of vehicles sold in the US will decrease by 2,000,000 units
Below is a list of the average number of vehicles sold by franchise dealers in the US in December 2018. This list is broken down into Cars and Trucks. Highlights: Honda dealers sold the most number of cars: 58 Lexus dealers sold the most number of “trucks” (SUV’s): 109 Toyota
What is day-supply? Day Supply by Automaker – January 2019 In the automotive world day supply is the number of days it takes for an automaker to run out of new inventory to sell. In other words, if the factory shuts down and no new vehicles are coming off the
The Depreciation Index in September 2018 was up +0.5% compared to August 2018, and is up +1.9% over the last twelve months. The Index ratings over the last few months are a clear indication of the weakness that has been present throughout the used vehicle market in 2018. Depreciation Increased
This week’s Market Insights report shows cars with lower depreciation than trucks. We also spotlight retention trends of three-year-old Mid-Size Cars over the last few years, as well as this month’s Specialty Report. Market Insights – Feb 2018 It was a good week for mainstream car segments as tax season buying
Below are highlights from the 2018 North American Auto show aka Detroit Auto Show Detroit auto show coverage 2018 – Report Few concepts, but they turned heads There were darn few pure concept vehicles at the 2018 Detroit auto show, but the ones that did appear were true conversations starters.
Compact Crossovers depreciating the most out of cars and trucks last week. The vehicle category dropped -1.18% in value. The report also illustrates how much incentives have been rising lately. Cars continued to depreciate at a steady rate while most SUV segments did better in the second week of the
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