Industry Insights
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
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
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