Monday, November 23, 2020
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unemployment

Conflicting views on US auto recovery as unemployment up, sales up

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The Associated Press posted Thursday that the number of unemployment benefit applicants rose by 898,000 last week. That’s the highest number reported in the past two months, and it’s a step backward in the effort to regain the 22 million jobs lost due to the pandemic. In stark contrast, weekly sales data from LotLinx shows […]
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Paragon

How Paragon Found Success by Utilizing a Frictionless Business Model –...

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At the start of the COVID-19 pandemic, New York City quickly became the epicenter of the virus, and the city promptly shut down for months longer than anyone anticipated. However, amidst the challenges and uncertainty, Paragon ended the month of June as number one in the nation for new and used Acura sales and number […]
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stimulus

Deal Struck on White House Stimulus Package

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On Tuesday, March 24, 2020, The US government announced that a deal had been struck between the Trump administration and the bipartisan Senate. Valued at more than $2 trillion, the financial aid comes in the form of both tax breaks and spending to stimulate the US economy. A significant portion of the stimulus package will […]
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strong year

Retail Auto Finishes 2018 on a High Note – Jessica Caldwell,...

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Historically low unemployment, new tax cuts, and a sharp decrease in gas prices set the tone for yet another strong year for 2018. According to numerous projections, the industry is likely to see the fourth consecutive year above 17 million vehicles. Here to tell us more about the December numbers is Executive Director of Industry […]
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New-Vehicle Sales

Cox Automotive Reports an Increase In New-Vehicle Sales

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With June just about done, many are releasing their mid-year reports, giving a sort of “State of the Union” for automotive sales. Earlier this week Cox Automotive released their June Industry Report, which included both information on how the car industry has been doing this year and projected how they see the remainder of the […]
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