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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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GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.
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General Motors and Ford Motor Co. CEOs say they are watching for signs of a U.S. recession, despite demand for autos being strong.
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U.S. automobile dealer sentiment in the second quarter of 2022 softened as U.S. auto dealers’ attention turned to inflation, high costs and tight inventory, marking the fourth straight quarter-over-quarter decline in market sentiment.
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Compact Cars continue to perform very well along with Sub-Compact Crossovers, but the gas-guzzling Full-Size SUV segments continue to experience the heaviest depreciation, as demand in the lanes wanes for these vehicles.
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Index reverses a 3-month slide and increases to 188.8 points in May 2022 as tight new inventory and record low incentives push used wholesale prices up across most segments.
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All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.
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New Experian report shows ongoing impact of inventory shortage on automotive finance market, as average vehicle loan amounts and monthly payments continue to rise.
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The overall market continued to see positive movement last week, but some of the segments that have been catching our eye in recent weeks for their pricing movements are now doing so for different reasons.
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The seasonally adjusted, annualized rate of sales fell to 12.81 million in May, according to Motor Intelligence.
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The Estimated Average Weekly Sales Rate has dropped down to 71% after several weeks of increases.
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