Used-vehicle Market To Continue To Soften in ’23

“We think 2023 will be interesting,” said Jonathan Banks, VP used-vehicle valuations at J.D. Power. “A lot of different nuances will impact prices but ultimately, we think it’s going to be another great year — just challenging.”

Used-Auto Sales to Decline Again in ’23

While used-vehicle sales are expected to drop again this year, dealers and used-vehicle experts don’t think the blow to consumer demand and profits will be severe, according to Automotive News.

American Honda Aims For 20%-25% Sales Increase

“Like the rest of the industry, we’re not completely out of the woods with supply issues yet, but we’re optimistic the Honda and Acura brands will achieve higher sales volumes this year,” vice president of sales, Mamadou Diallo says.

BMW Puts NA Media, Creative Assignments Into Review

The company spends an estimated $160 million on measured media in the U.S., according to agency research firm COMvergence. About $88 million is allocated to off-line channels and $72 million is pegged to digital, per COMvergence. 

Will 2023 Be a Tough Year for the Auto Industry?

According to CNBC, there’s growing concern on Wall Street that this year’s supply shortages could quickly turn into a “demand destruction” scenario just as auto production is finally ramping back up.

December New Auto Sales To Fall

U.S. total new vehicle retail sales are expected to decline
in December as high vehicle prices and rising borrowing
costs pushed consumers to cut back spending, a report from
industry consultants J.D. Power-LMC Automotive showed

Los Angeles Auto Show Feels Almost Pre-pandemic

To naysayers who insist that auto shows are on their way out of existence, this year’s Automobility LA is Exhibit A on why that’s not the case. The show, which opened to the public last Friday, was absolutely swarming with media during the preshow press events. Both exhibit halls at the Los Angeles Convention Center were filled with a plethora of brands.