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Digitalby StaffMay 12, 2022

ShipYourCarNow and CarNow: Destined to Come Together and Integrate Auto Transport into the Digital Retail World

Today’s news from ShipYourCarNow describes how their Integrated Automotive Shipping Solution brings digital retailing companies like CarNow, a solution to include shipping in the overall purchasing process.

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Fixed Opsby StaffMay 11, 2022

EasyCare Introduces New Vehicle Service Contract for Auto Dealers

VSC includes coverage for many types of vehicles and enhances consumer convenience benefits.

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Auto Financeby StaffMay 10, 2022

Cox Automotive: Auto Credit Availability Improved in April for 11th Straight Month

Access to auto credit expanded again in April, according to the Dealertrack Credit Availability Index for all types of auto loans.

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Auto Financeby StaffMay 10, 2022

Black Book Market Insights

Historically, the first week of May is an exciting time for new model year launches and an increase of lease returns in the auction lanes. This year, like the past 2 years, has been plagued with microchip shortages and supply chain issues causing a significant reduction in both new inventory production and used lease and fleet returns in the wholesale market.

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Auto Financeby StaffMay 10, 2022

Luxury Share Increases in April, Pushing New-Vehicle Average Transaction Prices Higher

Luxury vehicle share rose to 17.4% of total sales in April, up from 16.7% of total sales in March, helping push overall average transaction prices up.

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Fixed Opsby StaffMay 9, 2022

Commercial Vehicle Data Shows Continued Buyer Challenges

While demand for commercial vehicle inventory remained high, several movements in the data indicated there are trends shaping the industry and driving buyer behavior. 

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Industryby StaffMay 5, 2022

Black Book’s Used Vehicle Retention Index Drops Again as Rollercoaster Ride Continues

The seasonally adjusted Retention Index went down to 185.4 points in April 2022 as high gas prices strengthen some segments and weaken others.

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Industryby StaffMay 4, 2022

Black Book: Weekly Market Insights

The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.

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Dealer Opsby StaffMay 3, 2022

Toyota, Honda, Hyundai and Kia Sales Plummet in April

The loss leader in this equation was Toyota Motor Corp., which saw April sales volume fall 23%.

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Dealer Opsby StaffMay 3, 2022

GM Looks to Pricing Power and Pent-Up Demand to Keep Profits High

The automaker saw a Quarter One net income of $2.9 billion, just 2.7% lower than 2021, despite $2.5 billion in increased costs as global revenue rose 11%.

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