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Badger State Dealership Gets New Owner
The longtime southern Wisconsin store moved from one area auto group to another, keeping the business in Dairyland.
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SEARCHMENUSEARCHThe longtime southern Wisconsin store moved from one area auto group to another, keeping the business in Dairyland.
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Auto loan originations and leases to subprime borrowers fell to just 15% of the total in the first quarter, reported the New York Federal Reserve.
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vAuto reports vehicle inventories dropped to 2.24 million vehicles in April, representing a 44-day supply.
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Volkswagen strength driven by best-selling models; Tesla falls on price declines for its most expensive vehicles.
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New inventory is not expected to see improvement until the third quarter of this year, so values are expected to remain at elevated levels throughout the summer.
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The Bureau of Labor Statistics reports the cost of previously owned sedans, pickups, and SUVs climbed 10% in April, accounting for over one-third of the 0.8% CPI increase.
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The automaker bases this assessment on a belief that electric vehicles will not catch up to gasoline-powered vehicles in terms of cost and convenience by 2030.
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Subaru FY2020 profits plunged by half as automaker grapples with the pandemic, microchip shortage and other factors.
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Car segment gains ticked up slightly this past week (+1.25%) compared to the week prior (+1.17%).
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The Black Book April Retention Index broke yet another record, reaching 152.4 points.
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As the semiconductor shortage slashes vehicle production, rental car companies are taking extreme measures to bolster their fleets. The businesses are buying used vehicles at auction.
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