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Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.
https://www.agent-entrepreneur.com/368091/bmw-announces-it-will-meet-2022-output-targets
New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody’s...
https://www.agent-entrepreneur.com/368045/with-new-vehicle-prices-climbing-in-april-affordability-declines-further
The Used Retail Days-to-Turn Estimate has continued to drop over the last few weeks and remains below 36 days.
https://www.agent-entrepreneur.com/367931/black-book-weekly-market-insights-1
The loss leader in this equation was Toyota Motor Corp., which saw April sales volume fall 23%.
https://www.agent-entrepreneur.com/367923/toyota-honda-hyundai-and-kia-sales-plummet-in-april
Inventory shortages have vehicle lessees re-evaluating their end-of-lease options.
https://www.agent-entrepreneur.com/367901/car-lease-options-in-a-chip-shortage-pandemic
Penske Automotive Group first quarter net income sored from $183.1 million year over year to $369.5 million.
https://www.agent-entrepreneur.com/367876/penske-automotive-group-more-than-doubles-q1-net-income
The consistency of new vehicle inventory levels over the last six months suggests that the industry is readjusting to a ‘new normal’ level of inventory...
https://www.agent-entrepreneur.com/367845/zerosum-market-first-report-april-2022-automotive-inventory-data-and-sales-forec