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January Auto Sales Chilled
The month is set to be off last year, J.D. Power predicts, though its full-year outlook is less gloomy, and dealer profits are up despite the odds.
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SEARCHMENUSEARCHThe month is set to be off last year, J.D. Power predicts, though its full-year outlook is less gloomy, and dealer profits are up despite the odds.
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Unprecedented 383 transactions completed in 2021, representing 830 franchises, nearly three times the pre-pandemic average, according to The Blue Sky Report by Kerrigan Advisors.
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The report explains how dealership profits have tripled along with demand from dealership groups that want to acquire more stores.
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One thing is for certain, no longer is work just work — it’s work with a purpose.
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Company culture will need to be addressed during the M&A process, and will require integration, which involves combining the values of more than just your company.
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Currently, the only industry in America that openly accepts the selling of unsafe recalled products to the public is the auto industry.
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The new standards will reverse the Trump Administration’s rollback of U.S. regulations aimed at improving gas mileage and cutting tailpipe pollution.
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China’s Covid-Zero policy could cause global vehicle production to lose 2% of growth in 2022, equivalent to about 1.5 million units.
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March U.S. auto sales, when reported on Friday, will show a notable drop from last March as the market remains significantly constrained by lack of supply.
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Throughput increased in 2021 as U.S. light-vehicle sales rose to nearly 14.75 million vehicles, according to dealership census.
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With the new ruling, fines for vehicles that fall short of fuel economy standards will cost automakers at least $1 billion annually.
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