Auto Retail Buy-Sell Activity Explodes
The report explains how dealership profits have tripled along with demand from dealership groups that want to acquire more stores.
The report explains how dealership profits have tripled along with demand from dealership groups that want to acquire more stores.
Currently, the only industry in America that openly accepts the selling of unsafe recalled products to the public is the auto industry.
The new standards will reverse the Trump Administration’s rollback of U.S. regulations aimed at improving gas mileage and cutting tailpipe pollution.
China’s Covid-Zero policy could cause global vehicle production to lose 2% of growth in 2022, equivalent to about 1.5 million units.
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.
Throughput increased in 2021 as U.S. light-vehicle sales rose to nearly 14.75 million vehicles, according to dealership census.
With the new ruling, fines for vehicles that fall short of fuel economy standards will cost automakers at least $1 billion annually.
The Guide contains extensive guidance on compliance with the new requirements outlined in the new Gramm-Leach-Bliley (GLB) Safeguards Rule that contains a series of extensive and complicated new data security requirements.
Within the United States, a combination of high inflation, increasing fuel prices, and the prospect of rising interest rates are likely to influence consumer behavior, with shoppers likely to consider more fuel efficient or electric vehicles.
Majority of young adults prefer used cars as affordable, sustainable alternative.
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