Tag: Edmunds
How long will car dealers feel the effects of the...
On today’s show, we’re pleased to welcome Jessica Caldwell, Edmunds‘ Executive Director of Industry Insights, to give us an update on automotive industry sales and inventory insights. Caldwell says it’s definitely been a challenge out there. Inventory is down 79% from what would be considered a “normal period” at this time of year. On aggregate, sales […]
How out-of-control prices are impacting both the new and used...
New and used vehicle prices continue to climb to record high levels. On today’s show, we’re pleased to welcome Jessica Caldwell, Edmunds’ Executive Director of Industry Insights, to give us her take on how it may impact the overall market. The average transaction price of a new vehicle was close to $42,500 last month. Caldwell […]
Chip shortage update: How it is affecting prices in the...
On today’s show, we’re pleased to welcome Jessica Caldwell, Edmunds’ Executive Director of Industry Insights, to give us an update on the chip shortage and how it’s affecting prices in the new and used market. Caldwell kicks off the conversation, giving a brief overview of the current chip shortage situation currently happening. Caldwells says we’re […]
Car dealers are cashing in on high mileage vehicles
The chip shortage has caused remarkable pricing and profit shifts for new vehicles industry-wide, with some dealerships charging thousands more than MSRP. The pre-owned market – particularly vehicles three years old and under – is notoriously hot right now also, largely due to limited supply and inflated new car pricing. But new data in a […]
Average transaction price for used cars hits an all-time high
For the first time, the quarterly used Average Transaction Price (ATP) has reached $25,410 in the US, according to Edmunds data. It’s no surprise to anyone in the auto retail industry that used vehicles are selling for more than ever, but the increase is likely more than any analysts saw coming. Comparatively, ATP for used […]
What current auto retail conditions tell us about the remainder...
Joining us today on CBT News is the Executive Director of industry insights for Edmunds.com, Jessica Caldwell. Caldwell shares with us an update on the current inventory situation, what kind of market activity auto retailers can be expecting, and some of the causes of the current sky-high pricing. Caldwell begins the conversation by discussing the […]
Hyundai’s Santa Cruz launch showcases the appeal of compact trucks
On June 22, 2021, Hyundai Motor Manufacturing Alabama announced the launch of the brand-new 2022 Santa Cruz. It’s being labeled as a Sport Adventure Vehicle, making it completely different from anything else on the market. This vehicle attracts both SUV and compact truck enthusiasts with its open bed space, enjoyable cabin, and hidden bed storage. […]
Edmunds reports that new inventory continues to ‘dwindle’
Consumers who are ready to buy that shiny new car at a reasonable price may have to wait a while longer, according to an Edmunds report released this week. While the economy will hopefully continue to bounce back after the disastrous effects of the COVID-19 pandemic, it won’t happen overnight. As with most industries, it […]
CarMax set to acquire Edmunds in $404 million transaction
Used-vehicle retailer CarMax announced that it has signed a definitive agreement to acquire Edmunds, one of the most notable automotive research and vehicle-listing firms in the industry. CarMax had already held a $50 million minority stake in the company before acquiring the entire enterprise in a transaction valued at $404 million. According to a press […]
How will the semiconductor shortage affect inventory levels in 2021?...
In this segment of CBT News, host Jim Fitzpatrick is joined by Jessica Caldwell, Executive Director of Industry Insight for Edmunds. Caldwell joins the show to discuss rising transaction prices for new vehicles, the used-vehicle market, and the semiconductor shortage. Caldwell begins by looking back at 2020 and where the automotive market currently stands. She […]
