Black Book Market Insights
The Estimated Average Weekly Sales Rate decreased a little last week to 67%, with sellers holding firm to floor pricing.
The Estimated Average Weekly Sales Rate decreased a little last week to 67%, with sellers holding firm to floor pricing.
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.
Manheim Market Report values saw weekly price increases that accelerated in each full week of March after the first week saw the smallest decline thus far this year.
As the country charges toward widespread EV adoption what obstacles remain in its path?
Unprecedented 383 transactions completed in 2021, representing 830 franchises, nearly three times the pre-pandemic average, according to The Blue Sky Report by Kerrigan Advisors.
Provides improved cash flow and greater confidence for dealers.
The organization and its integrated automotive service divisions are now simply Holman.
One thing is for certain, no longer is work just work — it’s work with a purpose.
March U.S. auto sales, when reported on Friday, will show a notable drop from last March as the market remains significantly constrained by lack of supply.
Hopefully, supply chain issues will resolve sooner rather than later, but until they do, dealers can take the time to prepare for some inevitable downstream repercussions.
Majority of young adults prefer used cars as affordable, sustainable alternative.
Zurich now permits agents to sell its finance and insurance products, representing a big change for the provider.
Driveway becomes first online car dealership to pay customers via real-time payments.
Overall market declines continued last week, but the rate of declined lessened.
Solera Auto Finance provides a fast, powerful financing solution for franchise and independent used car dealers and their customers.
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