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A recession won’t affect U.S. auto dealers and manufacturers until the 12- to 18-month range, says Jonathan Smoke, chief economist-Cox Automotive.
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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.
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According to the Cox Automotive June sales forecast, the seasonally adjusted annual rate (SAAR) of new-vehicle sales this month is expected to hit 13.8 million, up from last month’s 12.7 million pace but well below last year’s 15.5 million level.
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Buick ranks highest overall in J.D. Power Initial Quality Study; Genesis ranks highest among Premium Brands.
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Italy, Portugal, Slovakia, Bulgaria and Romania want to delay a EU plan to ban the sale of new gasoline and diesel-powered vehicles in 2035 by five years.
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The FTC hopes the proposed rule will save consumers time and money and ensure a level playing field for honest dealers.
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For the first time since the week of April 18th, the overall market reported softening last week.
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CFO Vikram Arora and SVP of Sales Brett Petersen aim to drive CBC’s expansion.
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Rob will be responsible for driving sales strategy and ensuring the ongoing generation and production of new business through successful management and coaching of a high-performing sales team.
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The automaker has dialed down its worldwide production schedule for July by 50,000 vehicles to 800,000.
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