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News•by Staff•June 7, 2022

Credit Unions Amass Largest Share of the Automotive Finance Market in Five Years

New Experian report shows ongoing impact of inventory shortage on automotive finance market, as average vehicle loan amounts and monthly payments continue to rise.

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News•by Staff•June 7, 2022

Black Book: Weekly Market Insights

The overall market continued to see positive movement last week, but some of the segments that have been catching our eye in recent weeks for their pricing movements are now doing so for different reasons.

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News•by Staff•June 7, 2022

Automakers Report Greater Access to Semiconductor Chips

With an improved chip supply, carmakers are at work whittling down order backlogs.

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News•by Staff•June 2, 2022

Brown & Brown, Inc. Announces the Acquisition of Dealer Specialties Group Corp. by Brown & Brown Dealer Services

Dealer Specialties is an independent sales and service organization providing F&I products and sales support to automotive and powersport dealers primarily in New York state.

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News•by Staff•June 2, 2022

Though EV Sales Will Triple by 2025, More Will Be Needed to Reach Net Zero

The window to get the world’s road emissions to carbon neutrality by 2050 is ‘closing quickly,’ BloombergNEF (BNEF) says in its latest Electric Vehicle Outlook.

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News•by Staff•June 2, 2022

May Light Vehicle Sales Results Show Double-Digit Declines

The seasonally adjusted, annualized rate of sales fell to 12.81 million in May, according to Motor Intelligence.

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News•by Staff•June 1, 2022

Cox Automotive: Surging Gas Prices Drive Shopping for Electrified Vehicles

Gas prices hit an all-time high of a national average of $4.67 on June 1, driving consumers to consider electric vehicles, hybrids and smaller, more fuel-efficient gas-powered models.

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News•by Staff•June 1, 2022

Black Book: Weekly Market Report

The Estimated Average Weekly Sales Rate has dropped down to 71% after several weeks of increases.

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News•by Staff•June 1, 2022

Automakers Consider Lighter, Machine-Made Wire Harnesses

The shortage of traditional wire harnesses could accelerate automaker plans to move to lighter, machine-made harnesses used in EVs.

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News•by Staff•June 1, 2022

Georgia Lands Two New EV Factories for the State

The state inked deals with Rivian and Hyundai Motor Group for two EV factories to bring in over $10 billion in auto industry investment and 15,000 assembly jobs.

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