Tuesday, July 5, 2022
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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....
sales

Carmakers Remain Hopeful Despite Disappointing Q2 Sales Results

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Though not unexpected, the continued downward trajectory of car sales this year still hurts. Overall, top brands such as Ford, Fiat Chrysler, and General Motors saw drops of over 30% in comparison to last year. The hope is that as production begins to turn back on and areas open more, the market will rebound. While […]
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penske

Penske Automotive Forecast a Profit in Q2

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The coronavirus pandemic has taken a chunk out of sales across all auto retailers. The path back to profitability seems like a treacherous mountain for many dealers. However, Penske Automotive Group seems to be making the climb at a faster pace than expected. One of the nation’s largest new-vehicle retailers is forecasting a profit when […]
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Q2

How Auto Sales Fared in Q2 2020 Amid Pandemic

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Virtually nobody doubted that the coronavirus pandemic would hit the auto industry hard and lead to supply chain delays, parts shortages, and a sharp decline in sales, so it doesn’t really come as a surprise that sales numbers were rather bleak this past quarter. GoodCarBadCar has released its report on Q2 2020 sales, and while […]
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J.D. Power

J.D. Power’s Larry Dixon Examines Used-Car Market Performance as We Near...

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On today’s show, we’re pleased to welcome back Larry Dixon, Senior Director of Valuation Services at J.D. Power, who was recently featured in the WardsAuto article, “Car Dealers Stop ‘Freaking Out’ About Used-Vehicle Sales.” In this segment, Larry gives us his take on how the used car market has fared amidst the pandemic, as we […]
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used-cars

Used-Car Prices to Reach New Record High

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SANTA MONICA, Calif.— Car shoppers in the market for an affordable used vehicle may experience a bit of sticker shock when they head to the dealership, according to the latest Used Market Report from Edmunds. In the second quarter of 2017, the average transaction price for a used vehicle was $19,227, up 2.1 percent from Q2 […]
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high used vehicle prices

Used Vehicle Prices End on High Note for Q2

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The Manheim Used Vehicle Value Index hit a record high for the second consecutive month as wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) rose 1.1 percent month-over-month in June. The increase brought the Index reading to 129.3, which also represented a 2.5 percent increase from a year ago. “The volume of transactions […]
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