Subaru FY2020 profits plunged by half as automaker grapples with the pandemic, microchip shortage and other factors.
Car segment gains ticked up slightly this past week (+1.25%) compared to the week prior (+1.17%).
The Black Book April Retention Index broke yet another record, reaching 152.4 points.
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.
Retail inventory levels, new and used, continue to be a challenge and the limited availability of quality vehicles in the wholesale market is also proving to be a challenge for buyers.