When wholesale used-vehicle prices fell during the second half of 2022, many dealers chose to hold off on stocking inventory because they didn’t want to risk it declining on their books, said Chris Frey,
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But with supply chains improving and more vehicles coming to market, the manufacturers are set to lose pricing power, and investors are signaling tougher times are ahead. “There is likely to be a
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Watch the livestream here at 4 p.m. Eastern: Tesla Inc. and CEO Elon Musk may be under pressure at the EV maker’s annual meeting to address investor concerns about the lack of a
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Anyone hoping that the used vehicle market will become more predictable or even right-size itself in 2023 will likely be disappointed. Unique market conditions and a slew of new challenges are reshaping the
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Stellantis Chairman John Elkann credits former Fiat boss Sergio Marchionne with salvaging Italy’s auto industry and rejects years of criticism over the manufacturer progressively paring back its presence in the country. “Sergio was
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Drivers are holding onto their cars for longer and longer. Chris Melzer/Getty Images For the sixth year in a row, the average age of cars in the US increased. Drivers are holding onto
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Two new models emerged in the stats – the all-electric BYD Seagull and the plug-in hybrid BYD Chaser 07. May 06, 2023 at 2:42pm ET BYD does not slow down and once again
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For 2023, Bosch expects 6 percent to 9 percent revenue growth from 88.2 billion euros in 2022 and an EBIT (earnings before interest and taxes) margin of 5 percent, up from 4.3 percent
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Published: May 5, 2023 at 4:46 p.m. ET Used-car April retail sales fell an estimated 8% year-over-year, Cox Automotive said Friday. Average retail listing prices, however, are still trending higher, Cox said. But
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Used cars are in short supply, but their prices may drop soon, anyway. The wholesale prices car dealers pay at auction for the used cars they later sell decreased 3.0% in April from
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