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Assurant Launches EV Sales Training

August 2023

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…

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Used Vehicle Sales of Vehicles 0 to 3 Years Old Remain Significantly Below 2019 Levels

August 2023

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…

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New Vehicle Inventory Hits 2-Year High as Demand Lessens

August 2023

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…

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From May 2nd 2022 to May 1st 2023, M2 Money Supply Contracted by 4.6%

August 2023

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…

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Ford’s Commercial in Vehicle Subscription Earnings to Reach $6 Billion in 2023

August 2023

Automakers have been exploring alternative revenue streams to generate significant profits, with in-vehicle subscription-based services ranking among the most promising avenues. Ford Motor Co. offers subscription services to commercial customers through Ford Pro, mainly related…

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