With low inventory and high demand, incentives dropped to a record low in June, averaging only 2.3% of the average transaction price.
The Retention Index increased again during June to 191.5 points, even as we saw weakening consumer demand.
BYD sold 638,157 electric or plug-in hybrid passenger vehicles in the first six months of 2022 compared to 564,743 from Tesla.
Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing, according to Black Book.
For the first time since the week of April 18th, the overall market reported softening last week.
Kerrigan Advisors’ Erin Kerrigan sees a positive, record-breaking buy/sell market for 2022 and maybe into 2023.
Sporty Cars traditionally decline during this time of year, but the segment is still reporting increases with an average weekly increase of +0.24% over the last eleven weeks.
Mining the service drive can be a mundane task that’s easy to push aside, but it can also deliver high-quality leads and is the best source of used inventory for your dealership.
The Vintage Muscle Car segment represents high performance cars from American Motors, Ford, Chevrolet, Pontiac, Buick, Oldsmobile, Dodge, and Plymouth produced from the mid-1960s through the early 1970s.
U.S. automobile dealer sentiment in the second quarter of 2022 softened as U.S. auto dealers’ attention turned to inflation, high costs and tight inventory, marking the fourth straight quarter-over-quarter decline in market sentiment.
Vehicles certified under this program meet the highest standards in the pre-owned market and are closely inspected, upgraded, and backed by both the NIADA name and limited warranty coverage from GWC.
Index reverses a 3-month slide and increases to 188.8 points in May 2022 as tight new inventory and record low incentives push used wholesale prices up across most segments.
Orlando-area dealership sold to Morgan Automotive Group, marking the 155th Kerrigan-led dealership sale since 2015.
The Joint Channel Forecast Model details a strong aftermarket recovery coupled with indicators for continued growth.
All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
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