Thursday, December 9, 2021
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prices

Auto retailers poised to handle inflated vehicle prices on rising...

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Emptying car lots have been a challenge for dealerships in the hot selling season, but higher profits have been a boon on the backs of incredible demand. There are stories of consumers paying thousands of dollars over MSRP to buy the model and trim level they want, and those inflated prices might be crucial going […]
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fuel

Hacked pipeline could drive fuel prices up, leave stations temporarily...

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A cyberattack was initiated on the largest fuel pipeline in the United States Friday, leaving the enormous Colonial Pipeline with a quandary of how to restore service before fuel prices climb into worrying territory. The hackers identified themselves as DarkSide, an apolitical group that originated in Russia that captured sensitive files from the pipeline’s servers. […]
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inventory

Dealers see used inventory prices continue to climb at auction

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The Used Vehicle Value Index published by Manheim reports that total used vehicle sales were up 69% year over year in April, pushing the used SAAR for the month up to 41.0 million units and the used retail SAAR up to 22.4 million. The explosive growth in used vehicle sales over last year’s weak retail […]
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car

Car buyers advised to skip negotiating, pay sticker price during...

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Chip shortages, factory shutdowns due to COVID outbreaks, and a lack of used car inventory from rental companies are all combining to create supply challenges on dealer lots nationwide. However, March is being seen as one of the best months in car sales in history for both the new and used car markets, and dealers […]
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prices

Average new car prices remain steady above $40,000

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American consumers can expect to shell out more than $40,000 for a new vehicle, on average. Kelley Blue Book research estimates that the average transaction price per new vehicle in the US for March 2021 to be $40,472. That represents an increase of 4.3% from 12 months previous, or a dollar-figure increase of $1,660. However, […]
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wholesale

Record high wholesale prices reflect tight used inventory, strong sales

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The cost per unit to purchase inventory for the used car lot continues to increase as the second quarter of 2021 kicks off. The Manheim Used Vehicle Index for March reached a record high of 179.2, reflecting an increase of 26.2% from the same time last year. From the previous month, the Index rose by […]
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inventory

Used car industry seeing more inventory, all-time high prices

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Customers have more choice and dealers have more to offer shoppers in the used car market, according to vAuto Available Inventory. Used cars have become more plentiful in recent weeks on a combination of factors but despite more inventory, the average list price continues to climb. The trend comes as new car sales have rebounded […]
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auto stocks

Auto Stocks Benefiting from Rising Used-Car Values

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There are many adjustments necessary to maintain operations in the midst of the COVID-19 outbreak. For most auto dealers, online, pickup and delivery options became more utilized than ever before. While dealers creatively adjusted to continue selling cars, the lack of new car inventory has been an unavoidable road-block. Many auto plants have had to […]
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fixed-ops

5 Fixed-Ops Trends to Pay Attention to in Q4 of...

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As 2019 winds to a close, it is important to recognize trends that are occurring in the world of Fixed-Ops. 2019 has brought many changes and evolutions in the automotive world. The landscape is rapidly changing. Some changes are good, some might be perceived as negative. Here is a look at the trends will have […]
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April’s Auto Sales: Upswing in Luxury Vehicle Demand

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March was deceptively positive. The month had a slightly stronger showing than analysts originally predicted. While most automakers floundered, the month ended with a SAAR of 17.45 million units. The story of April is likely to be less favorable. Cox Analysts are predicting a one percent year over year increase, and an estimate of 1.37 […]
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