New vehicle sales in the United States are expected to drop next year as higher interest rates and rising prices could prompt customers to hold off their car-buying plans, the National Automobile Dealers Association (NADA) said on Thursday.
Reuters. Thu, 13 Dec 2018 14:57:58 -0500.
Alongside affordability challenges, high interest rates and difficulty obtaining credit for customers have clouded dealers' typically rosy outlooks, according to Cox Automotive's Dealer Sentiment Index survey.
AutoNews.com. Wed, 12 Dec 2018 09:53:29 EST. Subscription may be required.
The Chinese Auto Dealers Association reported record inventory levels among its members in November, and that will inevitably lead to a round of price discounting in the coming months.
By Jim Collins, Contributor. Forbes. Tue, 11 Dec 2018 10:26:00 -0500.
Cox's chief economist warns dealers to be conservative on inventory next spring as changes to the tax law may significantly reduce refunds in 2019.
AutoNews.com. Mon, 10 Dec 2018 00:01:00 EST. Subscription may be required.
Founded by New York-based computer whiz Daniel Yuabov, Carvoy is a tech company designed to bring 21st Century solutions to age-old auto retailing problems. Happily, both consumers and dealers are the beneficiaries.
By Jack R. Nerad, Contributor. Forbes. Thu, 25 Oct 2018 05:13:00 -0400.
Leading automotive technology and digital marketing provider establishes official presence in Canada to expand operations and deliver innovative solutions, local strategy and support to all provinces and territories. TORONTO, Oct. ...
PR Newswire. Wed, 17 Oct 2018 11:03:00 +0000.
China's top auto dealers' association has asked the government to halve taxes on car purchases to revive faltering sales, sources said, as worries grow the country's auto market could shrink this year for the first time in decades.
Reuters. Thu, 11 Oct 2018 05:00:36 -0400.
At dealer auctions, car dealers purchase a large percentage of the cars that they sell on their used-car lots. The profits they make on these automobiles are often far greater than their profits on new car sales.