Retail sales of new vehicles this month are expected to reach 933,400, a 0.3% decrease from November 2021, according to a joint forecast from J.D. Power and LMC Automotive just released. November 2022 has one additional selling day than November 2021. Comparing the same sales volume without adjusting for the number of selling days translates to an increase of 3.8% from 2021.
New-vehicle transaction prices continue to rise, but slower than earlier this year. The average price in November will set a record for the month of $45,872, an increase of 3.1% from a year ago. The record transaction prices mean that buyers are predicted to spend nearly $42.8 billion on new vehicles this month, the highest level ever for the month of November and a 7.0% increase from November 2021 as the Biden Administration recovery continues. Continue reading
Stellantis Overhauling European Dealer Network in 2023
Jeep sales in Europe will be a challenge. Click for more info.
Stellantis (NYSE / MTA / Euronext Paris: STLA) said today in Amsterdam once again that it aspires to be first in customer satisfaction in all markets, products and services.
Environmental and regulatory changes, of course, are now increasingly affecting the auto industry’s long-standing distribution model with the inevitable electrification of product lines the prime mover in the need to maintain customers and their satisfaction – while complying with evolving law and shareholder expectations. Continue reading →