Cox Automotive June Forecast: Tight Inventory, High Prices Slow New-Vehicle Sales
Jun 28, 2021
Vehicle sales in June are forecast by Cox Automotive to fall to a seasonally adjusted annual rate (SAAR) of 16.4 million, up from last year's 13.0 million but down from May's 17.0 million pace. June is expected to mark the second consecutive month of slowing sales after the market hit a red-hot, post-pandemic peak in A ... Continue reading
CarMax Reports Record First Quarter Fiscal 2022 Results
Jun 25, 2021
reported results for the first quarter ended May 31, 2021. Highlights: Diversified business model delivered record net revenues of $7.70 billion, up 138.4% compared with the prior year first quarter and up 43% over a record first quarter fiscal year 2020. ... Continue reading
Jun 16, 2021
The hot-selling Telluride, with year-on-year sales up 68 percent, maintains its bold style and adds the new Kia badging and slightly redesigned radiator grille. Inside, Kia's award-winning SUV adds a larger 10.25-inch navigation display, fully automatic temperature control and highway driving assist to the LX and S tri ... Continue reading
Nutson's Auto News Weekly Wrap-up June 6-12 2021
Jun 13, 2021
The past week's important, relevant, semi-secret, or snappy automotive news, opinions and insider back stories presented as expertly crafted easy to digest news nuggets ... Continue reading
Cars.com Finds Nearly 1 in 3 Recent Buyers Drove 100 Miles or More for the Car They Want
Jun 10, 2021
Due to the inventory shortage, we noticed an increasing number of car shoppers crossing into neighboring states to get the car they want. ... Continue reading
Jun 9, 2021
Are you retired from your executive career? Are you tired of your going nowhere golf with the boys life. We imagine that you wish you can be a full time car guys in the know, a car guy who test drive the newest cars, a car guys who is invited to media previews at car shows, car guys who are invited to report on the new ... Continue reading
USED-VEHICLE PRICES OPEN MAY AT ALL-TIME HIGH
Jun 8, 2021
According to a Cox Automotive analysis of vAuto Available Inventory data. The average listing price surpassed the $22,000 mark for the first time ever in April, closing the month at a new high of $22,568. ... Continue reading
Paying American Consumers to Buy Only Union-Built Vehicles is Un-American
Jun 3, 2021
Dear Friend,In case you missed it, please see below the latest blog post from AIADA Chairman Steve Gates. In it, he addresses a Senate policy proposal that threatens your brands and your stores. ... Continue reading
May 2021 Ford SUV Sales Best Since 2003; Record SUV Sales for Lincoln on Gains From Entire Lineup
Jun 3, 2021
Ford Motor Company today reported its May 2021 U.S. sales results. ... Continue reading
Carvana Catapults Onto the Fortune 500® List in Only Eight Years, One of the Fastest Rises to Date
Jun 2, 2021
Carvana debuts as one of the youngest companies on the 2021 Fortune 500® list. ... Continue reading
Jun 2, 2021
Entering its second year, K5 offers a new GT-Line AWD Premium package with a panoramic sunroof, heated steering wheel, LED projection headlights and additional driver assistance features including Highway Driving Assist and Navigation Based Smart Cruise Control-Curve, designed to unleash the spirit of the everyday driv ... Continue reading
Kia America's Historic Run Accelerates With Third Straight Month Of Record Sales In May, 2021
Jun 2, 2021
Kia America today announced its third-successive best-ever monthly sales total of 80,298 units, surpassing the previous mark set in April, 2021. Four Kia nameplates – Forte, K5, Sportage and Carnival MPV – enjoyed their strongest months ever. ... Continue reading
May 27, 2021
Stabenow’s Bill to Help Manufacturers Make Clean Energy Technology and Create Good-Paying Jobs Passes the Senate Finance Committee WASHINGTON, D.C. — A new bill to help transition manufacturers to a clean energy economy and address the semiconductor shortage crisis passed the U.S. Senate Finance Committee today. Th ... Continue reading
May 27, 2021
Reuters reported that The U.S. Senate Finance Committee advanced legislation on Wednesday that would boost electric vehicle tax credits to as much as $12,500 for EVs that are assembled by union workers in the United States. The bill would limit tax credits to vehicles with a retail price below $80,000 to qualify for th ... Continue reading
New and Used Car and Truck Market Closeup
May 26, 2021
We're rolling towards the Memorial Day weekend, westbound and down. (Hat tip to Jerry Reed). Just one piece of business May auto sales forecast. ... Continue reading
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