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Used vehicle market stabilizes amid fluctuating inventory and hybrid price dynamics

The U.S. used vehicle market is showing signs of stabilization, largely due to increased inventory of newer model years, which has helped offset previous shortages. In October, the CarGurus Used Vehicle Availability Index rose 2.3% compared to the previous month. However, inventory levels are still down by 2% compared to the same time last year. This recovery in supply, combined with stronger-than-expected demand in the latter half of the year, has helped keep used vehicle prices relatively stable through the third quarter. Nevertheless, prices began to decline again in October, falling by 0.9% from the previous month and more than...

UAW, GM reach agreement to prevent strike at Fort Wayne assembly plant

The United Auto Workers (UAW) Local 2209 at General Motors's assembly plant in Fort Wayne, Indiana, has successfully reached an agreement with the automaker,...

Trump appoints Lee Zeldin to lead EPA, focusing on energy growth

President-elect Donald Trump has selected former New York Congressman Lee Zeldin to lead the Environmental Protection Agency (EPA). This move signals a strong push...

Cadillac unveils 2026 VISTIQ

Cadillac unveiled the latest addition to its electric vehicle portfolio, the 2026 VISTIQ. This announcement follows shortly after revealing the 2026 Lyriq-V and cements...
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Study found new car prices surged to record highs, leaving used cars as the affordable choice

As the price gap between new and used vehicles reaches an unprecedented level, many consumers are feeling the tension of escalating costs in the...

Redefine your dealership’s culture with QBQ – John G. Miller | QBQ Inc.

Many organizations struggle with finger-pointing and blame when things go wrong, often leading to frustration, tension, and stalled progress. However, embracing accountability allows teams...

Tom Maoli on why the upcoming election could make or break the auto industry

As the presidential election approaches, the automotive industry braces for potential policy shifts that could redefine the future of dealerships and manufacturers. On today’s...

Navigating challenges in the used car market – David Simches | Crown Auto Group

The used car market is facing a unique set of challenges right now—from the impact of Hurricane Helene to an influx of lease returns...

Drive profits forward with Don Andres on maximizing service opportunities

In a landscape where service departments are increasingly pivotal to dealership profitability, Don Andres, an expert with over 40 years of experience in Fixed...

From the screen to the showroom: video strategies that will increase your sales

In today’s fast-paced digital landscape, car salespeople need to adopt innovative strategies to connect with customers and boost sales. One of the most impactful...

NADA, association leaders respond to Scout’s direct sales strategy: A call to action for dealers

In a critical discussion on Inside Automotive, Mike Stanton, CEO and President of NADA, and John Devlin, President of the Pennsylvania Automotive Association and...

Ryan Kerrigan, Michael Dunne consider if U.S. auto market is ready for Chinese upsurge

Chinese automakers are rapidly expanding, leaving dealers to question whether this poses a threat or an opportunity for the U.S. market. In today's episode...

Dave Cantin Group’s Jump IQ Named “Dealership Solution Of The Year” In 2024 AutoTech Breakthrough Awards Program

NEW YORK, October 9, 2024 – The Dave Cantin Group’s Jump IQ software was named “Dealership Solution of the Year” today in the fifth...

Affordability and leasing trends dominate Q2 2024 – Melinda Zabritski | Experian 

As the automotive market undergoes significant transformations, affordability remains a critical issue for consumers. However, emerging trends in leasing and cash transactions offer a...

Sean Gardner on why sales skills still reign supreme

In today’s fast-paced automotive market, the days of letting customers walk out the door are long gone. Now more than ever, closing skills have...

Adapting auto marketing for the long funnel – April Simmons | Horne Auto Group

In a market where consumers stay longer in the sales funnel, April Simmons, Corporate Internet and Marketing Director at Horne Auto Group is reshaping...