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Vehicle inventory swings back, maybe too far

Auto Service World

After years of shortages, dealership lots are now overflowing with vehicles, marking a significant shift in the automotive market as supply catches up with demand. Actually, in a lot of cases, inventory is higher than the dealerships would like, Campau observed of the current automotive inventory landscape.

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Creating Predictable Profit in a Volatile Automotive Market

AutoSuccess

In 2024, dealerships face a challenging landscape, with revenue and new car sales on the decline. While the broader market may struggle, used car sales have remained steady, providing a significant opportunity for dealerships to focus on areas within their control to drive more predictable profit.

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EV momentum cools but growth still there

Auto Service World

Todd Campau, associate director of the aftermarket at S&P Global Mobility, addressed shifting trends in electric vehicle (EV) sales and the evolving dynamics of the green automotive market during a presentation at AAPEX 2024. EVs crossed a significant milestone of one million new units sold in the U.S.

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Live Chat Revs Up Automotive Marketing in 2024

AutoSuccess

For many auto dealers, 2024 is shaping up to be a challenging year. According to Cox Automotive, the new vehicle inventory supply is near its highest point since June 2020. Although the 2024 market outlook remains positive with an estimated 15.4

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Kumho Tire Reports Record Sales and Profits in 2024

Tire Review Magazine

Kumho Tire Quarterly Performance and Growth Kumho recorded sales of $886 million and operating profit of $108 million in Q4 2024. Economic Challenges Despite the global economic downturn and sluggish automotive market in 2024, Kumho Tire achieved steady growth. This marked a 17% year-on-year growth. and Europe.

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Kumho Tire Reports Record Sales and Profits in 2024

Tire Review Magazine

Kumho Tire Quarterly Performance and Growth Kumho recorded sales of $886 million and operating profit of $108 million in Q4 2024. Economic Challenges Despite the global economic downturn and sluggish automotive market in 2024, Kumho Tire achieved steady growth. This marked a 17% year-on-year growth. and Europe.

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New sales market sees first real setback

Auto Service World

Despite a dip in September sales, Canada’s auto market maintains a robust year-to-date growth, driven by strong performances from key brands. Canada’s automotive market experienced a slight setback in September, with sales of new vehicles dropping 3.6 per cent increase in 2024. per cent rise from 2023.