Where Are All The Auto Technicians?
The automotive industry in the United States is facing a significant challenge that could have far-reaching implications for both consumers and businesses. The issue at hand is a severe shortage of skilled auto technicians, a problem that has been steadily worsening over the years. What’s Going On? As of September 2023, the need for technicians […]
Looming Strike in the Auto Industry?
Looming Strike? The Detroit “Big Three” dig their heels in. The auto industry is currently facing the possibility of a strike when the United Auto Workers (UAW) contract ends on September 14th. The UAW has pressed the Big 3 automakers with “audacious” demands, including a 46% pay raise, a 32-hour week with 40 hours of […]
New-Vehicle Affordability Stable in June
Despite strong income growth, new vehicle affordability remained unchanged in June, mostly because of higher prices and rising rates.
New-Vehicle Inventory in May was Highest Since 2021, Average Listing Price Drops
According to Cox Auto’s analysis, new-vehicle inventory reached its highest point since 2021, while prices declined month-over-month in May.
Wholesale Used Vehicle Prices Drop Again in the First Half of June
Wholesale used-vehicle prices decreased 3.2% from May in the first 15 days of June. The seasonal adjustment contributed to some of the decline.
New Vehicle Sales Expected to Jump by 20% in May
High interest rates, increased inventory and the demand from consumers within the new vehicle market have driven sales estimates to soar in the early summer months
Scope of the Used-Vehicle Market Since 2020
Covid-19, Drastic Production Dips & the Stubbornness of both Buyers and Sellers
April Update: Wholesale Used-Vehicle Prices See Sharp Decline
Wholesale used-vehicle prices dropped considerably in April 2023, while consumer confidence continued to be mixed across demographics based on past results and future expectations.
Beyond the Pandemic: Forecasting the Future of the Used Wholesale Vehicle Market
The COVID-19 pandemic has brought about a great deal of uncertainty in the world, including the wholesale used vehicle market. Many questions are being raised about what the future of the market looks like in a post-pandemic world. With the impact of the pandemic still being felt across the world, it is difficult to predict […]
Comparing Used Vehicle Market 2021 vs 2022
The used car market has been in a state of flux over the past three years, due to disruptions in supply and demand. As a result, there have been significant changes in used vehicle pricing between 2021 and 2022. Here’s a look at some of the key trends and changes in the used car market: