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Newsby StaffJune 19, 2023

GM Commits to Gas-powered Pickups and SUVs

Automaker earmarks $2 billion to building next-gen full-size pickups and SUVs, guaranteeing production of gas-powered vehicles into the 2030s.

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Newsby StaffJune 19, 2023

CPO Sales See 5.4% Bump in May

Modest increase still less than normally seen during spring selling season.

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Newsby StaffJune 15, 2023

Tesla’s EV Share to Drop, Says BofA

US market leader to lose dominance to legacy carmakers, bank predicts.

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Newsby StaffJune 15, 2023

Inventory Hits Two-Year High as Demand Falls

May supplies reached 1.96 million, well above a year earlier, though still under historical norms.

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Newsby StaffJune 15, 2023

JD Power Study Finds Modest Growth in EV Interest

Just one quarter of potential buyers say they would consider electric.

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Newsby StaffJune 15, 2023

Upward Surge in Used-Car Prices Reversing Course

Analysts predict downward shift over the last two months will continue.

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Newsby StaffJune 14, 2023

Consumer Satisfaction Hits Record High in May

CDK Global ease-of-purchase survey tracks change. Dealership inventories reaching normal levels as shoppers search for affordable options.

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Newsby StaffJune 14, 2023

NHTSA Tells Brands to Ignore Mass. Telematics Law

Regulator says federal statute takes precedence.

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Newsby StaffJune 14, 2023

New-Car Sales Robust in May

Higher incentives, inventory drive demand as average price stays below MSRP.

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Newsby StaffJune 13, 2023

Black Book: Weekly Market Report

Declines continued throughout the entire market last week, with the exception of one segment, Sporty Car, which was up only +0.04%.

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