News
Black Book: Weekly Market Updates
Wholesale prices remain strong, however there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling.
Wholesale prices remain strong, however there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling.
The estimated average transaction price for a light vehicle in the United States was $41,263 in May 2021, according to the analysts at Kelley Blue Book.
A majority of dealership leaders – approximately 65% – report they plan to increase the total number of employees in the dealership this year.
Retail sales dropped 1.3% in May, following a 0.9% gain in April, reported the U.S. Department of Commerce.
National Auto Care (NAC) and its line of powersports protection products, National Powersports Care, have been selected by Kawasaki Motors Corp., U.S.A. as the provider for their Preferred Protection Plus™ suite of products.
Expanded F&I options online, increased used vehicle sales play a larger role in F&I transactions today.
Prequalification functionality provides dealers with visibility into a consumer’s credit worthiness and requires only the consumer’s name and address to request a credit score and credit report.
President Biden assigned the task force to develop responses for near-term supply challenges in key industries.
The bill earmarks $52 billion to help domestic semiconductor manufacturers expand production.
How fast automakers move vehicles from factory floors to showrooms will shape the sales story the rest of the year.
Innovative re-targeting technology keeps more car shoppers moving down the purchase funnel.
Digital sales platform integration to equip dealers with Amazon-like experience for new and used vehicles.
Programs from Lexus, Kia shine brightest among CPO offerings this year.
