Used-Auto Prices Still High—But Possibly Easing
Wholesale used-vehicle prices fell in February from January, a sign that while prices remain near record levels, the surge in U.S. used-car prices may be easing, CNBC reports.
Asian Brands Deliver Most-Viewed Auto Ads
Toyota, Nissan and Subaru top iSpot.tv’s list of the most-viewed automotive commercials — the ads that have generated the highest number of impressions across national broadcast and cable TV airings — for the week of Feb. 21.
Ford EV, ICE Split Will Mean Big Changes for Dealers
Ford is asking its dealers to implement some of the most significant changes to their business in decades as it works to modernize its retail strategy and beat back threats from Tesla and EV startups.
Auto Accessories Buyers Ready To Spend
Auto Accessories Buyers love to dress up their cars and trucks after purchase. These consumers spend a lot of time in their vehicles, with nearly 40% traveling 20 to 60 minutes to work every day.
Ford Rallies After Confirming Plan To Split Electric Business From Ice Business
Ford Motor confirmed a plan to create distinct electric vehicle and internal combustion businesses.
With Auto Supply Limited, Prices Skyrocket
Pandemic-related supply-chain problems are stretching the
new-vehicle shortage into a second year, with near-empty
dealer lots, sky-high prices and months-long waits for new
wheels.
Chicago Auto Show Attracts Eager Attendees
Consumers made their way to the 2022 Chicago Auto Show to get a look at the latest cars, trucks, SUVs and EVs, including several concept vehicles.
Hyundai, Kia, Genesis, Mazda generate February U.S. gains; Toyota falls 11%
Toyota Motor North America on Tuesday said February U.S. light vehicle sales fell 11 percent to 162,587. Sales for the Toyota brand fell 12 percent, while sales for Lexus were off 5.6 percent.
Traditional Media To ‘Remain Strong’ For Auto Advertisers
While automotive will continue its shift to greater spending on digital media over the next several years, a report from BIA Advisory Services says traditional media “will remain as strong contenders for automotive advertising clients” in 2022 and going forward.
Carvana’s Purchase of ADESA Could Shake Up Used-car Market
The purchase of auto auction giant ADESA will boost Carvana’s reconditioning capacity and positions the company to nab a larger portion of the used-vehicle market.
As Auto Prices Soar, Loans Get Longer
The surge in auto prices in the second half of 2021 has pushed more consumers to take out auto loans that stretch beyond six years, according to a new report analyzing how millions of consumers finance their vehicles.
The Latest Numbers on the Microchip Shortage: Europe, North America Drive Latest Cuts
The estimated number of vehicles axed from assembly plant schedules rose 11 percent from a week earlier, due largely to cuts in North America and Europe.
At Long Last, An Automotive Bump For Spot TV
For the first time in nearly two years, a mid-month surge in automotive spot plays has been seen on a national level, according to Media Monitors data.
Half of Dealer-Bound Cars ‘Pre-sold’
The tight supplies of new and used cars that have weighed
on auto sales and pushed prices higher have not eased
and are likely to linger well into this year, according to
AutoNation, the largest U.S. automotive retailer.
Demand for Used Vehicles Remains Strong
The price of used cars has soared over the past year by an
average of 40%, though some have even gone up as high as
69% in value, according to a new report.
Ford No. 1 in Purchasing Consideration
Popular new products and more plentiful inventory pushed the Ford brand to No. 1 in purchasing consideration among non-luxury new-car shoppers in Q4 2021, with one-third considering Ford, according to the latest Kelley Blue Book Brand Watch Report.
U.S.-Canada Bridge Reopens as ‘Economic Crisis’ Comes to an End
The Ambassador Bridge between Detroit and Windsor reopened Sunday night after a blockade by demonstrators protesting COVID-19 restrictions brought international trade at the busiest U.S.-Canadian border bridge to a grinding halt for the past week.
U.S.-Canada Bridge Blockade Adding Strain to Auto Supply Chain, Industry Groups Say
The trade associations urged ‘swift action’ by the Canadian government to mitigate the impacts to autoworkers and suppliers on both sides of the border.
New-Auto Prices Ease, but Still Above MSRP
New-vehicle average transaction prices (ATPs) decreased to $46,404 in January 2022, according to new data released by Kelley Blue Book, after reaching a record high in December 2021.
Chicago Auto Show Returns With New Test Tracks
After last year’s Chicago Auto Show was pushed back to July due to a rise in COVID-19 cases early last year, the event is back to its normal chilly February time frame.