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Newsby StaffSeptember 13, 2022

Black Book: Market Insights Report

The Estimated Average Weekly Sales Rate continued its descent, hitting 58% last week. The Estimated Average Weekly Sales Rate hasn’t been below 60% since February of 2021.

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Newsby StaffSeptember 13, 2022

Automakers Trumpet Use of Recycled Maritime Waste in Manufacturing

Ford, BMW say recycled fishing netting going into some parts. BMW says the material has a 25% lower carbon footprint.

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Newsby StaffSeptember 13, 2022

U.S., Mexico Plan to Team Up on EV Production

High-level delegations discuss how they can eat into Asia dominance in semiconductors and batteries for EVs

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Newsby StaffSeptember 13, 2022

New Study Tracks Auto Group's Responsiveness to Internet Leads

Napleton Auto Group topped the ranking, followed by Penske Automotive Group in the second spot, and Berkshire Hathaway Automotive in the third.

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Newsby StaffSeptember 13, 2022

CPO Sales To See Double-Digit Percentage Decline in 2022

The report, based on Cox’s analysis of Motor Intelligence data, reported 211,609 CPO sales in August.

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Newsby StaffSeptember 12, 2022

Stellantis Employee Union Walks Out Over Health-and-Safety Demands

Two days of bargaining produce no agreement after employees complain about HVAC system and other concerns.

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Newsby StaffSeptember 12, 2022

BMW Announces Sources for New EV Batteries

Europe, China and North America will each have two plants that will produce round lithium ion cells for BMW.

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Newsby StaffSeptember 9, 2022

Japanese Industry Minister Questions U.S. EV Credits  

Japanese Industry Minister Yasutoshi Nishimura expressed concern that a new U.S. law on tax credits for electric vehicles may violate international law.

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Newsby StaffSeptember 9, 2022

Automakers Shift Production to Autos with Better Profit Margins

Automakers have shifted to selling vehicles with better profit margins in the U.S. as supply chain shortages and shipping concerns dampen production.

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Newsby StaffSeptember 9, 2022

Several Auto Retailers Announce Expansions

Sonic Automotive, Group 1 Automotive, the Lou Fusz Automotive Network, Barnes Crossing Auto Group, and Ed Morse Automotive Group all expanded their businesses recently.

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