January 27, 2021

Used vehicle prices rise thanks to coronavirus, but relief is coming

DETROIT (AP) — It cost a whole lot more to buy a used SUV, car, truck or van last month than it did before the coronavirus hit, and that almost singlehandedly caused September’s modest consumer price increase.

Blame it on the pandemic, which knocked supply and demand way out of whack, causing prices to spike.

The good news is that inventories are being replenished, and prices are beginning to drop.

“The law of supply and demand worked,” said Earl Stewart, owner of a Toyota dealership in North Palm Beach, Florida. “I think things are coming back to normal.”

When the novel coronavirus made its way to the industrial Midwest and the South in March and April, it forced automakers to shutter factories, and many dealers closed. Sales of new vehicles tanked. With few vehicles being traded in for new ones, and leases being extended, the supply of used vehicles dried

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Ford’s Q3 vehicle sales outperform industry as demand recovers from coronavirus lockdowns

  • Sales of F-Series pickups and SUVs helped Ford outperform its Detroit crosstown rivals as well as the broader auto industry in the third quarter.
  • Ford on Friday reported its vehicle sales in the third quarter were only down 4.9% from a year earlier.
  • That compares to GM, Fiat Chrysler and the overall industry that were down about 10%.



a car parked on the side of a road: 2021 F-150 Limited


© Provided by CNBC
2021 F-150 Limited

Sales of F-Series pickups and SUVs helped Ford Motor outperform its Detroit crosstown rivals as well as the broader auto industry in the third quarter.

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While Ford’s vehicle sales fell by just 4.9% from the same time last year, the drop was about half that of the broader industry and smaller than the sales declines felt by General Motors and Fiat Chrysler.

Such declines typically aren’t cause for celebration, but this year is anything but typical. New vehicle sales have recovered far faster

Read More

Ford’s 3Q vehicle sales outperform industry as demand recovers from coronavirus lockdowns

  • Sales of F-Series pickups and SUVs helped Ford outperform its Detroit crosstown rivals as well as the broader auto industry in the third quarter.
  • Ford on Friday reported its vehicle sales in the third quarter were only down 4.9% from a year earlier.
  • That compares to GM, Fiat Chrysler and the overall industry that were down about 10%.



a car parked on the side of a road: 2021 F-150 Limited


© Provided by CNBC
2021 F-150 Limited

Sales of F-Series pickups and SUVs helped Ford Motor outperform its Detroit crosstown rivals as well as the broader auto industry in the third quarter.

Loading...

Load Error

While Ford’s vehicle sales fell by just 4.9% from the same time last year, the drop was about half that of the broader industry and smaller than the sales declines felt by General Motors and Fiat Chrysler.

Such declines typically aren’t cause for celebration, but this year is anything but typical. New vehicle sales have recovered far faster

Read More

PLM in Automotive Market in 2021 with Coronavirus Effect Analysis Report By Market.Biz

The MarketWatch News Department was not involved in the creation of this content.

Sep 29, 2020 (MarketResearch.biz via Comtex) —
The Worldwide PLM in Automotive Market research report offers an in-depth study of the world market, providing relevant data for the market newcomer and as well as established players. Some of the key strategies occupied by leading key players working in the market and their impact analysis has been added in this research report. On the basis of historical data, PLM in Automotive market report provides key segments and their sub-segments, profit and demand & supply data. Considering the technological development of the market PLM in Automotive the industry is likely to appear as a commendable platform for emerging PLM in Automotive market investors.

Get Sample Report:https://market.biz/report/global-plm-in-automotive-market-mr/538749/#requestforsample

The Global PLM in Automotive market demonstrates comprehensive information that is an important source of insightful data for business strategists during the

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car

Car Cruise, BBQ To Support United Way Coronavirus Relief Fund

MONTGOMERY, IL — Residents in the Montgomery area can hop in their cars and join a cruise Wednesday night to help raise money for the Fox Valley United Way’s Coronavirus Relief and Recovery Fund.

Blain’s Farm and Fleet of Montgomery will host the cruise event from 5-7 p.m., though organizers are asking people to show up by 4:45 p.m. to register their cars.

Mobile Coronavirus Test Lab Sets Up In Batavia This Week

Anyone can participate in the cruise night event, regardless of vehicle type, and there is no registration fee.

The event will include a drive-thru barbecue fundraiser, with proceeds set to benefit the Fox Valley United Way’s partners that need help to continue providing social services amid the coronavirus pandemic.

106 Face Layoffs As Aurora Beer Distributor Closes Amid Pandemic

Families can order dinners for $15 each and choose barbecue pork chops, chicken or a combination. Residents can

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