The new vehicle market remains an abnormal environment. MSRPs are higher than ever before and the price of the average new car sale continues to far outpace its Manufacturer’s Suggested Retail Price (MSRP). While several manufacturers and dealerships have worked to keep prices low enough to stay competitive, many of the popular new vehicles on […]
Electric Vehicles Face a Critical Juncture as Dealer Inventories Swell and Consumer Demand Softens, Signifying a Looming Industry Stress Test
The electric vehicle industry hit an important milestone earlier this year when one million electric vehicles were sold in the US. This showed the industry was on a roll, but there was another story playing out on the ground. With sales growth stalling, many dealers were left with an over-supply, which led to a disconnect […]