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Demand for Airplanes Rises and Leading Manufacturers Can’t Keep Up
After several years of reduced passenger travel due to COVID-19 and fewer aircraft orders from major airlines, manufacturers are seeing a steep increase in order volume in 2023. According to the CEO of Airbus, Guillaume…
Assurant Launches EV Sales Training
Assurant has launched a comprehensive EV sales training course called EV Sales Professional’s Blueprint from the Automotive Training Academy. The course’s training provides information on the differences between traditional vehicles and EVs while also providing…
Used Vehicle Sales of Vehicles 0 to 3 Years Old Remain Significantly Below 2019 Levels
According to a recent report by Experian, used vehicle sales of vehicles 0 to 3 years old remain significantly below 2019 levels. The decreased number of sales in the age range is likely due to…
New Vehicle Inventory Hits 2-Year High as Demand Lessens
Cox Automotive reported that the May U.S. new vehicle inventory ended at a two-year high of 1.96 million, up 73% year-over-year, as consumer demand dipped. Days’ supply ticked up to 55, 46% higher than it…
From May 2nd 2022 to May 1st 2023, M2 Money Supply Contracted by 4.6%
From May 2nd, 2022 to May 1st, 2023, M2 money supply contracted 4.6% from $21.6 trillion to $20.6 trillion. Over this same period, the US Federal Reserve hiked the federal funds rates by 450 basis…