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Black Book: Weekly Market Updates
Wholesale prices remain strong, however there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling.
Wholesale prices remain strong, however there are signs of softening in the market this week, as prices of newer used vehicles seem to be hitting a ceiling.
The estimated average transaction price for a light vehicle in the United States was $41,263 in May 2021, according to the analysts at Kelley Blue Book.
A majority of dealership leaders – approximately 65% – report they plan to increase the total number of employees in the dealership this year.
Retail sales dropped 1.3% in May, following a 0.9% gain in April, reported the U.S. Department of Commerce.
National Auto Care (NAC) and its line of powersports protection products, National Powersports Care, have been selected by Kawasaki Motors Corp., U.S.A. as the provider for their Preferred Protection Plus™ suite of products.
Expanded F&I options online, increased used vehicle sales play a larger role in F&I transactions today.
The May Retention Index showed another increase and broke yet another record, reaching 159.6 points, a 7.1 point (or 4.7%) increase from April (152.4).
Prequalification functionality provides dealers with visibility into a consumer’s credit worthiness and requires only the consumer’s name and address to request a credit score and credit report.
There is no cost to participate and you could win one of two $200 Amazon eGiftCards.
President Biden assigned the task force to develop responses for near-term supply challenges in key industries.