Nissan Motor Co. in Japan reported financial results on Tuesday, May 11, for the quarter and fiscal year that ended March 31. Nissan is one year into its four-year turnaround plan announced last spring. Success in the U.S. is the…
Access to auto credit increased again in April, and auto loan credit was the most accessible since April 2020, according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index increased 0.4% to 98.4 in April, reflecting that auto credit was easier to get in the month compared to March. Access is tighter by 2.4% year over year, but that comparison is…
The trend in new daily COVID-19 cases declined again last week, but the vaccination pace slowed as well. In terms of the economy, the jobs recovery lost momentum, but vehicle sales soared. The vehicle market improved upon March’s incredible performance…
Auto Remarketing, May 7, 2021 – Make that three straight months of records for the Manheim Used Vehicle Value Index. The Cox Automotive business unit’s measure of wholesale car prices came in at 194.0 for April, which beat year-ago figures…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 8.30% month over month in April. This brought the Manheim Used Vehicle Value Index to 194.0, a 54.3% increase from a year ago and a record high…
You’ve likely seen with your own eyes the havoc being wreaked in the auto industry by the global microchip shortage. Drive through Dearborn, Michigan, home of Ford Motor Company and the company’s Dearborn Truck Plant, and it’s hard to miss:…
In April, 148,118 total fleet units were sold, a 19% month-over-month drop compared to 183,042 in March but a 106% increase from April 2020 which recorded 72,084 units. This brings the 2021 year-to-date total combined large rental, commercial, and government…
SUVs dominated again in the first quarter as Subaru Outback and Forester rode that wave, according to the Kelley Blue Book Brand Watch™ report for Q1 2021. Kia gained more than other brands, Ford lost a bit of steam, and…
Stellantis, now the world’s fourth-largest auto company by sales volume, will report its first-quarter 2021 financial results Wednesday, May 5. It will be the first quarterly financial results from the company formed officially early in the quarter by the merger…
Los Angeles Times, May 4, 2021 – Clarissa Iliff logged about 78,000 miles on her trusty 2015 Ford Focus before a looming new car purchase rendered it expendable earlier this year. Trying to unload it, the Orange resident took the…
