Black Book: Weekly Market Report
The market saw continued declines last week, with the overall rate of depreciation being consistent with what we have experienced over the last five weeks.
The market saw continued declines last week, with the overall rate of depreciation being consistent with what we have experienced over the last five weeks.
The Motor Industry Vehicle Board in New Hampshire ruled that Subaru of New England “unreasonably withheld consent of sale” of Prime Subaru Manchester to Group 1 Automotive Inc.
General Motors will offer buyouts to U.S. Buick dealers who do not opt in to the brand’s plans to be all-electric by 2030.
Financing option makes unexpected repairs more affordable.
With this merger, NCM, the originator of the first automotive 20 Group in 1947, will further expand its footprint of products and services into several non-automotive industries.
Highly successful Upside Direct weekend event sales have delivered significant value to sellers while giving buyers access to even more inventory to bid on and buy.
Ford Motor Co., General Motors, and Rivian recently issued recalls that affect nearly 400,000 U.S. vehicles, reports the NHTSA.
iSeeCars research finds prices of battery-electric vehicles (BEVs) rose 54.3%, while used internal-combustion-engine (ICE) vehicle prices rose 10.1%.
Despite negative economic headlines and a volatile stock market, auto retailers continued their expansion through acquisition, with buy/sells increasing 16% YOY, despite spending pullbacks by public retailers, according to the Second Quarter 2022 Blue Sky Report® by Kerrigan Advisors.
The Estimated Average Weekly Sales Rate dropped to 60% last week.
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