The U.S. market should reach 13 million sales this year, down 4 million to pre-COVID projections byBrad Anderson September 4, 2020 at 17:31 One auto industry expert has suggested it will take at least two years for car manufacturers to restore the sales and production numbers to ...
In May 2022, Indonesia-based omnichannel used car company Moladin, which is operating through offline and online sales, raised series B funding worth USD 95 million. In addition, funding will boost the company's automotive ecosystem and further help the company grows its dealer, agents, ...
The momentum gained in 2020 continued through 2021, reaching 61,708 sales (+21.5%). In 2022 sales began to fall again, with projections showing that the year will close around the 55k mark (-9.5%). A combination of factors are behind the current industry struggle: the disruption in the ...
A surge in stolen vehicle claims may have driven some rate increases. Maryland car thefts rose by 63% in 2023, according to the National Insurance Crime Bureau (NICB). State legislative changes are also fueling rate hikes. Maryland began requiring auto insurers to provide enhanced underinsured ...
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Ford’s recent pivot in its electrification plans is starting to become more defined as the company confirms that its upcoming three-row EV SUV has bit the dust as hybrids and PHEVs rapidly take center stage in the company’s future sales projections. The SUV itself will live on, but now...
as the car doubled the maximum sales projections as AMC struggle to meet demand. For the next two years, the Pacer was a success with small size and futuristic styling. The trouble was, that after the first two years of success, the cracks in the program started to show. Quality was lo...
Specific events addressed by these forward-looking statements may include, but are not limited to: operational infrastructure investments; same dealership sales and revenue growth; customer growth and engagement; gross profit percentages; gross profit per retail unit sold; bus...
Average selling price declined approximately $1,250 per unit or 5% year over year. Second quarter retail gross profit per used unit was $2,269, consistent with last year's $2,251. Also, unit sales were down 0.3% versus the second quarter last year and improved sequentially from being down...
We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial ...