From Automotive Fleet, July 14 2023: New-vehicle inventory and prices stabilized further in June while electric vehicle inventory climbed, closing the month with twice the days’ supply as new vehicles overall, according to Cox Automotive’s analysis of vAuto Available Inventory data. The total U.S. supply of available unsold new vehicles stood at 1.95 million units […]
From Auto Rental News: Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 44.6% year over year in June to 217,572 units, according to an early estimate released July 7 from Cox Automotive. “The return of fleet was a key driver of the first half new auto sales increase,” said Cox […]
From the June 5, 2023 edition of Automotive News Penske to replace Indy 500 fan’s smashed car A fan whose car was smashed by a tire that went flying during the Indianapolis 500 is getting a new ride, courtesy of the track owner who happens to be one of the country’s biggest auto dealers. Penske […]
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 2.7% from March in the first 15 days of April, according to the midmonth Manheim Used Vehicle Value Index released April 18, which dropped to 231.7 and was down 4% from April 2022. The seasonal adjustment contributed to the decline. The non-adjusted price […]
ANN ARBOR, Mich. (AP) — With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at least four more years. Limiting his car payments and his overall debt is a bigger priority for him than having a new vehicle. A 35-year-old grocery store worker from […]
Dealership groups on Automotive News’ annual ranking focused strongly on used-vehicle operations in 2022, seeking trade-ins and buying directly from consumers to pad used inventories and sustain sales. Honing their used-vehicle operations proved critical again last year for franchised dealership groups contending with slightly improved but not fully recovered new-vehicle production. Cavender Auto Family, of […]
A huge thank you to the Enterprise Holdings Foundation for working with us and donating $2500 to the Disabled American Veterans Charity. This donation is greatly appreciated.
We are proud to have raised $11,500 for this very important charity that helps thousands of disabled veterans each year. Thank you to our employees, customers and the DAV for making this campaign a success.
For many of us in the Midwest, Summer is a welcomed time to get outside to enjoy the beautiful weather. For those who are in the car biz and Rental Car Biz it’s a busy time. Taking advantage of the summer season can make or break your year. Inventory becomes a little scarce around this […]
