Tag: retail sales
Toyota’s output sets a monthly record for May after a 35%...
As pandemic-related supply disruptions continued to subside, Toyota reported its global output surged 35% from May 2022 to a record of 947,874 vehicles, while...
Retail sales dipped in December despite small inflation improvements
Monthly U.S. retail sales dipped 1.1% in December, despite small but noticeable improvements to inflation and pricing.
The end of 2022 was a stressful time...
New vehicle sales, inventory, and prices rise in December 2022
U.S. auto sales in December will likely improve by 4% year-over-year to 1.27 million, according to a forecasted analysis conducted by Cox Automotive. However,...
Treasury Dept. announces consumer leases can qualify for new EV tax...
As of January 1, 2023, automakers selling EVs with final assembly outside of North America could qualify for a commercial vehicle tax credit, according...
Tesla reports record 405,000 vehicle deliveries in Q4, misses annual guidance
Despite losing 65% of its market value in 2022, Telsa is still the world’s most valuable automaker. In a report released by Telsa, its...
Used vehicle inventory nears pre-pandemic levels in October — Cox Automotive
According to Charlie Chesbrough, senior economist at Cox Automotive, asking prices for vehicles are now reflecting decreased wholesale prices. By Thanksgiving, he continues, "the...
The best ways to position your inventory going into the colder...
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...
David Lewis shares best practices to generate sales in the service...
Service departments are proving to be a significant source of inventory for many of you across the nation. Group 1 Automotive’s President of U.S....
J.D. Power’s Tyson Jominy on the state of the automotive industry...
We were all anticipating relief from the inventory and chip shortages by now, but unfortunately, as most experts predicted, we are still dealing with...
Auto Market Summary points to slight market correction
Cox Automotive released its latest auto market weekly summary Monday and while some trends continued, others slightly veered off course. Jobless claims were up,...
