Correcting the Chip Shortage Will Take Time
As the automotive industry spins its wheels waiting for chips, analysts say the road to correcting the chip shortage won’t clear until at least 2022.
As the automotive industry spins its wheels waiting for chips, analysts say the road to correcting the chip shortage won’t clear until at least 2022.
Research highlights how to get customers to return after the sale.
Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
Overall, the data shows encouraging signs for the automotive finance market.
The biggest takeaway from this month’s value changes is that all the warm weather segments are down, most by substantial amounts. The only vehicles to see any upwards pricing pressure are the snowmobiles, which should be headed in that direction for the next several months, reports Black Book
Risk Theory Dealer Advisors and TrueRisk Advisors merge to form Brightline Dealer Advisors to create a truly dealer-centric partner in the automotive marketplace.
As we move into the Fall season, wholesale prices began to show a positive movement once again and reached the highest point of the year last week.
How electric vehicles will spark new opportunities in dealerships ready for change.
In July 2021, the company exceeded its yearly mark with its 16th acquisition.
Using DealerPeak integrated with Dealer Wizard, dealer groups are now able to see across locations and create and distribute offers that are close or equal to the customer’s current payment.
The market continued to make gains this past week, marking the fourth consecutive week of overall wholesale value increases.
Automobile sales in September are forecast to slow for the fifth straight month, as tight inventory, high prices take a toll on the industry.
Traditionally, as we move past Labor Day, values begin to decline, with the largest portion of the yearly depreciation typically occurring in the fourth quarter. However, that is not the case this year, we’ve now had four consecutive weeks of overall market increases in wholesale values.
Auto dealership buy/sell market on path to most active year in history – 320 transactions June 2020 to June 2021.
The U.S. Commerce department reported the uptick of 0.7% in retail sales.
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