DECEMBER 1, 2020

Survey: Car Retailers Expect Dealership Values to Rise

“The results of the survey found that dealers remain largely optimistic about the valuation of their dealerships over the next 12 months, despite the economic turmoil associated with COVID-19,” according to the 2020 Kerrigan Dealer Survey report.

COVID-19 to Remain X Factor in 2021 Auto Retailing

ALG’s latest full-year sales forecast for 2020 U.S. new light vehicles is 14.5 million, well below the 2019 total of 17.1 million, and short of ALG’s pre-pandemic forecast for 2020 of 16.9 million. ALG’s forecast for 2021 is 15.5 million.

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Average Transaction Prices Seen Rising 4.7% in November

Excluding fleet sales, TrueCar and ALG expect U.S. retail deliveries of new cars and light trucks to be 1,099,808 units, up 2.9% from a year ago and up 8.4% from October when adjusted for the same number of selling days.

Canadian Auto Dealers Seek Managed ICE Phaseout

While Québec intends to ban internal-combustion light vehicles by 2035, British Columbia plans to do so by 2040, Ontario has no phaseout plan and other provinces may pass different bans in the future. The auto industry wants to avoid a regulatory smorgasbord.

Start the Year Strong at the Cox Automotive Experience

Join us on January 25 for an all-new, all-virtual event! Experience the products and insights that are blazing a new way forward for automotive. Sign up for updates here.

Dealership Doubles Monthly Parts Revenue in 6 Months Selling Parts Online

Eric Manna, Parts Manager at Cherry Hill Mitsubishi, has been through it all when it comes to selling parts and accessories online. When his department first moved online, things were a complete mess.

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November U.S. Light-Vehicle Sales Forecast for Second Straight Monthly Decline

For Wards Intelligence Subscribers
December’s SAAR is expected to increase from November, but how much will depend on consumer confidence.

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