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automobile dealers’ view of current market conditions increased from an index score of 42 in Q4 2024 to 44 in Q1 2025. Franchised automobile dealers had a positive outlook with a score of 54, seeing the market as strong. automobile dealers were feeling pretty good about the market,” added Smoke.
The retail used-car market, including the certified pre-owned segment, showed some real strength last month, improving from both year-ago and January figures. million used-car sales from franchised and independent dealers in January, per NADA estimates in the Kontos report, was down 6.3% from 2020 and 10.1% year-over-year.
German automaker and Porsche fanatics Ruf Automobile GmbH debuted an all-wheel drive off-road carbon-tubbed Rodeo concept car in 2020, and after several years of tweaks, the car has arrived in production-spec.
The state of affordable new automobiles right now is bleak, y’all. Back in 2020, I did a rundown of all the cars left in the U.S. market under $20,000 , and there were seventeen. I did another one last fall, and there were six.
After the 2020 model year, Dodge made the significant decision to discontinue the Dodge Journey , a move that surprised many loyal fans and automotive enthusiasts. With the 2020 model being the final iteration of this beloved SUV, Dodge bid farewell to a legacy that had spanned over a decade. Has the Dodge Journey Been Discontinued?
Cox Automotive ‘s annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022. Satisfaction among new-vehicle buyers matched an all-time high, equal to the level reached in 2020, the peak of overall car buying satisfaction.
While car prices were high in 2023, car buyers — especially used-car buyers — were increasingly happier with their experience, according to the latest research from Cox Automotive. New-car buyers matched the all-time high 79% set in 2020, while 73% of used-car shoppers reported being highly satisfied, up from 70% in 2022.
2017 2018 2019 2020 2021 2022 Production 9,501,090 9,298,132 9,154,485 6,482,598 7,950,523 8,162,609 Installed Capacity 11,606,944 12,093,318 12,354,734 11,741,817 11,970,098 10,125,400 Capacity Utilization 81.9% Currently, South Africa produces more than half a million automobiles annually of all types. According to the U.S.
2017 2018 2019 2020 2021 2022 Production 9,501,090 9,298,132 9,154,485 6,482,598 7,950,523 8,162,609 Installed Capacity 11,606,944 12,093,318 12,354,734 11,741,817 11,970,098 10,125,400 Capacity Utilization 81.9% Currently, South Africa produces more than half a million automobiles annually of all types. According to the U.S.
In 2020, The AAA Foundation for Traffic Safety released study results on the connection between the passage of Washington State Initiative 502 (1-502) and fatal automobile crashes in Washington. The AAA study approximated that the percentage of fatal car crashes involving THC-positive drivers doubled since the passage of I-502.
The National Automobile Dealers Association (NADA) elected Tom Castriota, owner of Castriota Chevrolet, Inc. Rob Cochran, who represents Western Pennsylvania’s franchised new-car dealers and currently serves as the NADA Industry Relations Committee chairman, was elected as NADA vice chairman for 2025. in Tacoma, Washington. “I
8% 2019-20 176.79 -8% 2020-21 169.07 -4% 2021-22 205.13 Source: Society of Indian Automobile Manufacturers. “Four million cars means immediate translation into replacement demand in the next two to three years. Year Tire production (in million) Percentage growth over previous year 2015-16 152.03 – 2016-17 166.94
At 33, the profitability index fell to its second-lowest score ever, behind only Q2 2020, at the height of the COVID-19 pandemic. Beginning in the second half of 2022, the index has dropped significantly and, in Q1 2024, hit 41 – the lowest point in the survey’s history excluding Q2 2020. automobile dealers.
“A decade from now, when we look back at the years immediately following the global pandemic of 2020, we’ll be awed by the dramatic swings and unprecedented circumstances the economy and auto market endured,” said Cox Automotive Chief Economist Jonathan Smoke. Car Buying in America: Normal is Nice. million, with 19.2
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