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News•by Staff•April 19, 2022

Market Insights from Black Book

Higher gas prices are affecting the demand for trucks and SUVs – almost all the non-luxury crossover / SUV and pickup segments of all ages are depreciating at an accelerating rate, while non-luxury car segments are appreciating.

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News•by Staff•April 19, 2022

High Vehicle Prices Expected to Hold Their Grip on Auto Industry

Consumers seeking lower prices on dealership lots must wait until 2023, reported auto-industry leaders at the New York International Auto Show.

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News•by Staff•April 19, 2022

Do Dealers Embrace EV Sales?

Industry leaders dispel the notion that dealers do not support EV sales.

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News•by Staff•April 19, 2022

Stellantis Suspends Production at Kaluga Plant

Stellantis has suspended production at its Russian plant, which employs 2,700 people, over logistical difficulties and sanctions imposed on Moscow.

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News•by Staff•April 13, 2022

Auto Experts Weigh in on the Semiconductor Shortage

Experts suggest automakers focus their attention on the user experience and greater collaboration as they content with limited semiconductor chip supplies.

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News•by Staff•April 13, 2022

Hyundai Advances EV Strategy

Hyundai Motor Corp. will build an assembly plant in the U.S. for electric vehicles and batteries, COO Jose Muñoz announced.

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News•by Staff•April 13, 2022

GM Enters Agreement to Buy Cobalt from Glencore Plc

GM reported it had agreed to a multiyear deal for cobalt from Glencore’s Murrin Murrin mine in Australia.

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News•by Staff•April 12, 2022

Black Book Market Insights

The Estimated Average Weekly Sales Rate decreased a little last week to 67%, with sellers holding firm to floor pricing.

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News•by Staff•April 12, 2022

BMW Q1 Sales Rise 3.2%

The luxury automaker credits strong factory-dealer communications as the reason dealers could sell into the pipeline.

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News•by Staff•April 11, 2022

NADA Issues U.S. Auto Sales and Economic Analysis Following First Quarter 2022

The first quarter of 2022 came to a close with new-light vehicle sales in March totaling a SAAR of 13.4 million units, a decline of 4.6% compared to February 2022 and a decline of 24.4% compared to March 2021’s SAAR.

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