Monday, August 8, 2022
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interest rates

Fed raises interest rates 0.75 points for the second time as...

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In an effort to curb rising prices, the Federal Reserve hiked interest rates by another 0.75% Wednesday afternoon, the same amount as its last move in...

U.S. weighs option to roll back China tariffs to ease inflation

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U.S. Treasury Secretary Janet Yellen and the Senior Economic Official in Beijing, Vice Premier Liu He of China, met earlier this week to discuss...

Consumer spending increases, inflation eases slightly in May

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According to a Commerce Department gauge used by the Federal Reserve, the rate of inflation during May was consistent and while it did rise,...
Tom Maoli

Luxury dealer Tom Maoli on economic and industry trends shaping auto...

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How is the lack of new and used vehicle inventory impacting luxury buyers? To help us answer this question, we're pleased to welcome back...

Fed raises interest rates by 0.75%, sees more hikes coming down...

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The Federal Reserve is finally stepping in once again to fight inflation and the tumultuous housing market. The Fed raised interest rates by 0.75%...

Chief Economist Jonathan Smoke breaks down findings from Cox Automotive’s Q2...

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Cox Automotive recently released its Q2 Dealer Sentiment Index, which provides a current view of dealer sentiment and looks ahead to the next 90 days....

Study finds Americans are driving less as gas prices soar

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California's price for a gallon of regular unleaded gasoline hovered around $6.42 per gallon on Tuesday, the highest fuel price in the country. The national average...
wholesale

Wholesale prices rose 10.8% in May due to inflation pressures

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Inflation has been affecting the world for years; however, rates have skyrocketed over the last few months. Wholesale prices are also increasing significantly, which...
Cox Automotive

Cox Automotive: Dealer sentiment down amid concerns about inflation, expenses

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Cox Automotive has released its Dealer Sentiment Index for the second quarter, which was compiled from dealers’ responses from April 25th to May 9th....
Price

What should car dealers expect from the used car market this...

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Welcome to this week's episode of Used Cars Weekly, the original CBT News show dedicated to bringing car dealers best practices and tips for the...