The estimated average transaction price (ATP) for a light vehicle in the United States was $42,258 in June 2021, according to the analysts at Kelley Blue Book. New-vehicle prices increased $2,527 (up 6.4%) from June 2020, while increasing $928 (up 2.2%) from May 2021.
We work with many world class shop owners throughout North America, and over the years we have discovered that the majority of them have a number of things in common.
Used vehicle demand in the U.S. has risen to unprecedented levels.
Since Memorial Day weekend, the national gas price average has increased 13 cents to $3.17. That is 98 cents more than a year ago, but 41 cents cheaper than this time in July 2014, when the national average was last above $3/gallon.
The Small Business Administration could soon launch a new Paycheck Protection Program loan forgiveness portal that would allow at least some small-business owners to apply for forgiveness on an SBA platform instead of starting with their lender.
Your check engine light is on. Can you make it to Ohio?
The COVID-19 pandemic and associated restrictions in the spring of 2020, such as stay-at-home orders, led to a drastic drop in U.S. road travel and a sharp increase in the number of people who chose to stay home all day.
General Motors’ recently revised post-crash inspections continue to call for inspections of seat belts “after any collision.”
Changing new vehicle sales and the impact of COVID-19 have combined to create substantial changes in the population growth, nameplate mix, and average age of Aftermarket Vehicles on U.S. roads. This will help to boost aftermarket product volume in the coming years.
An unprecedented surge in prices for used cars was the biggest contributor to the surprise jump in U.S. inflation last month.
