Chip Shortage: Biden Administration Reports Relief On Its Way
Manufacturers are entering commitments to produce more automotive-grade chips for automotive manufacturers that have idled production amid the shortage.
Manufacturers are entering commitments to produce more automotive-grade chips for automotive manufacturers that have idled production amid the shortage.
The Digital Vehicle Portfolio helps dealers convert more shoppers to engaged and active sales leads.
Manheim’s local auction network hosts 49 sales per month nationwide, with dealers averaging a 77% sales efficiency rate based on Manheim data.
First portal in industry to offer lease payoff capability.
Used wholesale and retail prices are starting to stabilize in July (although at a remarkably high plateau), but new car sales are still on a rollercoaster as the chip shortage is finally showing up in the new sales numbers.
Key findings show increased optimism, revenues and customer counts, and a decrease in the negative effects of COVID.
AutoNation predicts demand for new vehicles will continue into next year, as low-interest rates and robust demand helped the retailer boost quarterly earnings estimates.
A Trump-era USMCA interpretation could subject used vehicles shipped to the U.S. to import fees.
CULA posted its 9th consecutive record month, with more leases processed in May and June than in any other months in its history.
Company launched in anticipation of surge in electric vehicle sales.
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