Black Book observed increased transaction activity in the wholesale market last week. Read about the other interesting developments taking place in its report.
Black Book: Weekly Market Update
The wholesale market exhibited seasonal patterns but with some twists.
October 29, 2024
Market depreciation followed the fall season pattern.
Credit:
Black Book
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Economical Electric
GM says it sells the cheapest electric vehicle in the U.S. market. It explains how it made improvements to the entry-level EV while keeping its price down.
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Georgia Dealership Sold
A Tennessee-based automotive group with deep industry history picked up the well-established Honda store, rebranding it.
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Used-Vehicle Program Aims to Draw More Buyers
GM says more than 750 dealers across the U.S. are enrolled in CarBravo and that in January CarBravo dealers sold over two times the certified volume of Chevrolet, Buick and GMC dealers using traditional CPO.
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Auto Brands Hold the Line on Retention
A flat national rate despite inflation and other financial challenges shows industry loyalty stability, annual Reynolds and Reynolds research finds.
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Chinese Cars Anyone?
More Americans are open to made-in-China than one might think, especially the youngest, though general awareness here of its growing brands is limited.
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Black Book: Weekly Market Update
The overall cars segment was about flat last week, similar to the rest of the wholesale market.
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EVs Bring Most Satisfaction to Date
Study finds that adopters are true believers and that their satisfaction with the vehicles is growing, including for public charger experience, despite pullback of federal incentives.
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Year-End Inventory Hints at Stability
Electric-vehicle inventory dropped in December, according to S&P Global, but the hybrid market saw about a 19% year-over-year increase in supply despite being down from November.
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New Hybrid Production Follows Trend
Subaru addition to its sole U.S. plant mirrors the automotive industry’s emphasis on the gas-alternative powertrain after recent setbacks for pure EVs.
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Consumer Outlook Dims
The year starts with declined expectations for economic conditions and plans to make big purchases. Used cars, though, are among the top big-ticket categories under consideration.
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