Higher prices and higher interest rates are slowing the seasonally adjusted annual rate of sales in the used market.
Higher interest rates, coupled with high gasoline prices and high vehicle prices, are keeping used sales in Q2 low.
Find out how the microchip shortage is affecting vehicle sales, how OEMs are prioritizing production, and why there's a demand for used vehicles.
Cadillac and Buick retail deliveries both increased by 43%, while Chevrolet’s all-electric Bolt EV delivered its best first-quarter sales ever.
Topics mentioned include a look at both fleet orders and retail sales trends of the past 60 days; the continued ramp up in vehicle production; fleet buying inclinations for model-year 2021; and more
Incentive spending is projected to reach $4,159 (up 6% or $246), the highest level ever for the third quarter and just $28 short of the all-time quarter high set in Q4 2017.
UPS is expecting a record 1.4 million returns on Jan. 3 after averaging more than 1 million returns every day before Christmas in December.
Hyundai Motor America's U.S. sales chief, Derrick Hatami, is leaving the company after sales fell 18% in May.
Jaguar Land Rover has been named the largest automotive manufacturer in Britain with the automaker accounting for more than 30% of all domestic car production last year, according to company.
The industry is expected to sell 1.13 million new vehicles in January, a 3% decline over the same time last year, and a 33% decline from the month before, according to Kelley Blue Book, resulting in a seasonally adjusted annual rate (SAAR) of 17.4 million.
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