Average Age of Vehicles on the Road Increases
IHS Markit finds the average age of a car on U.S. roads rose to 12.1 years in 2021, up from 11.9 years in 2020. In comparison, the average age was 9.6 years in 2002.
IHS Markit finds the average age of a car on U.S. roads rose to 12.1 years in 2021, up from 11.9 years in 2020. In comparison, the average age was 9.6 years in 2002.
U.S. new vehicle retail sales are expected to drop 888,900 units in September, from 1,182,788 a year ago.
The market continued to make gains this past week, marking the fourth consecutive week of overall wholesale value increases.
To be the better, more profitable dealer, know your products.
The automaker ranked 10 places higher than a year ago after easing up on its high-pressure sales program.
Ford Motor Co. President and CEO Chris Farley names making electric vehicles more affordable and mining battery minerals in the U.S. as top priorities.
Independent dealers will benefit from a nationally recognized endorsement of their CPO program.
Mike Manely will take over as CEO of AutoNation as current CEO Mike Jackson retires Nov. 1.
GM entered agreement with the rental car company to funnel more loaner vehicles to dealerships amid the global microchip shortage.
Traditionally, as we move past Labor Day, values begin to decline, with the largest portion of the yearly depreciation typically occurring in the fourth quarter. However, that is not the case this year, we’ve now had four consecutive weeks of overall market increases in wholesale values.
Current inventory levels rest at a 31-day supply for U.S. dealers, reports Cox Automotive subsidiary vAuto.
Auto dealership buy/sell market on path to most active year in history – 320 transactions June 2020 to June 2021.
The U.S. Commerce department reported the uptick of 0.7% in retail sales.
Training expert shares how improving digital presence, sales skills and F&I presentations impacts sales.
General Motors will extend production cuts at crossover, midsize pickup and sedan plants because of the semiconductor chip shortage but will resume full-size pickup production on Monday.
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