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Report Uncovers $4.7B Opportunity for Auto Dealers
Solving mismatched payment quotes can boost sales, profits
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SEARCHMENUSEARCHSolving mismatched payment quotes can boost sales, profits
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CEO acknowledges that greater market woes may be on the horizon.
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FTC accused Passport Automotive Group of deceitful ads, charges, and discriminatory lending.
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Repossessions are beginning to show up in the market and with fuel prices returning to a level last seen in February of this year, the Car segment valuations are taking the hardest hit.
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CDK Global offering polls U.S. customers on car availability and more.
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Groups acquire various brands, and one also buys a commercial truck business.
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The third quarter of 2022 closed with a new light-vehicle sales totaling a quarterly average SAAR of 13.3 million units, down slightly from a SAAR of 13.4 million units during the second quarter of the year.
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Certified pre-owned sales fell over 11% year-over-year in September and are off 5% since August, finds a Cox Automotive analysis of Motor Intelligence data.
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An economic downturn could put all automaker’s, even those making luxury autos, earnings to the test.
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Inflation and interest rate hikes could dampen consumer demand.
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