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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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A majority of dealership leaders – approximately 65% – report they plan to increase the total number of employees in the dealership this year.
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Retail sales dropped 1.3% in May, following a 0.9% gain in April, reported the U.S. Department of Commerce.
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The May Retention Index showed another increase and broke yet another record, reaching 159.6 points, a 7.1 point (or 4.7%) increase from April (152.4).
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President Biden assigned the task force to develop responses for near-term supply challenges in key industries.
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The bill earmarks $52 billion to help domestic semiconductor manufacturers expand production.
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How fast automakers move vehicles from factory floors to showrooms will shape the sales story the rest of the year.
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All nine car segments reported gains last week, however, 0.8% is the lowest weekly gain the overall car segment has seen in 15-weeks.
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Programs from Lexus, Kia shine brightest among CPO offerings this year.
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Automakers reported impressive monthly results, showing increases that ranged from 40% to 70% compared to unit sales during the pandemic.
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Wholesale used vehicle prices have increased 37% over the past 20 weeks and used retail prices rose 15% since the end of 2020.
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