SubPrime, June 20, 2019 — This year began with expectations the Federal Reserve would push interest rates higher multiple times. Then this week, not only did policymakers maintain the rate at its current level, experts are seeing the possibility of a…
The Fed left rates unchanged as expected, but their assessment of economic trends and inflation took a notable downward shift compared to their “patient” view just six weeks ago. As a result of changing data and mixed concerns, the committee…
Sales of certified pre-owned (CPO) vehicles increased 1% in May compared to May 2018 and were up 8% compared to April. For the month, 251,863 CPO units were sold. This brings the total CPO sales for 2019 to 1,162,441 units. This…
The latest inflation data show that higher prices outside of housing are not materializing, and lower energy costs are keeping inflation very low. Weak inflation bolsters the view that the Fed is likely to cut rates as early as their…
New vehicles have enjoyed tremendous gains in fuel economy over the past decade. It’s worth noting the significant improvements as the U.S. House of Representatives Energy and Commerce Committee prepare for a June 20 hearing on the Trump administration’s proposal…
Automakers and their dealers entered June with inventories of unsold vehicles falling from the 10-year-high levels of recent months, thanks to improved May sales. May inventories dipped below 4 million units for the first time in four months, according to…
May 2019 auto sales were reported last week, and the numbers came in stronger than initial forecasts, but down slightly from year-ago levels. Big fleet sales helped the total, but the retail side of the market remains soft. Our data…
What metrics should dealers use to guide their decision-making at auction? On this episode of the vAuto Podcast, Patrick Janes, business development director for Stockwave, joins host Lance Helgeson to discuss three important metrics dealers should use when they go…
Automotive News, June 10, 2019 – Dealers’ optimistic view of the market waned last quarter amid softening new-vehicle sales and a mounting threat of tariffs on import vehicles and parts. They remained optimistic about inventory levels, but as lease return volume…
ATLANTA, June 10, 2019 – According to data from the Q2 2019 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. auto dealer sentiment is similar to the first quarter as the overall current market index remained in negative territory. The…
