decline

The Muscle Car Craze Faded And Pontiac Fell Into Decline.

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DETROIT — With a history of building muscle cars like the GTO and the low-slung Firebird, Pontiac had good reason to take pride in its most famous marketing slogan of the 1980s: “We build things that excite us.” Lately I’ve been using the phrase “Pontiac is a CAR” which is a much more attention grabbing phrase… Source: www.nytimes.com

Decline In Average New Car Price

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The average price of a new car sold in January was $47,401, down 2.6% from December. Since January last year, prices have fallen by a significant 3.5%. “December is typically a busy month for luxury car sales, so it’s typical to see lower transaction prices and sales in January,” said Erin Keating, executive analyst at Cox Automotive. Stated. “but… Source: Read More

Despite The Decline, The Report Shows That Blue Sky Values ​​are Still At Very High Levels.automatic Remarketing Automatic Remarketing

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This year, the sky has become a little less blue, but it still remains high. Its value is down 12% since the end of 2022, a product of lower dealer profits this year, but still more than double, according to Haig Partners’ quarterly report on dealer buying and selling activity. . Source: www.autoremarketing.com

Volvo Reports 20% Sales Increase In Third Quarter, Expects Sales To Decline In 2024

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An electric truck outside Volvo Trucks’ Tuve factory in Gothenburg, Sweden. (Holly Adams/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Volvo Group announced on October 18 that global profits and sales increased in the third quarter, but it expects global truck sales next year to be down compared to 2023 levels. The Sweden-based company reported third-quarter Read More