Category: Economy

NADA Market Beat: New Vehicle Sales Decline Amid Inventory Constraints

New light-vehicle sales in August continued to decline amid still-shrinking inventory on dealer lots. Sales in August totaled a SAAR of 13.1 million units, the lowest level since June 2020’s 13 million.

A Guide to Claiming the Employee Retention Tax Credit

Congress created the Employee Retention Tax Credit (ERTC) in March 2020 to provide financial relief to small businesses during the pandemic. Here’s some key facts about the ERTC and how to benefit from it.

NADA Market Beat: Inventory Continues to Impact New-Vehicle Sales

Despite production limitations from the chip shortage, new-vehicle demand remains strong among both retail and fleet customers. Our total 2021 forecast for new light vehicles is 16.5 million units.

ATD Truck Beat: Commercial Truck Sales Up Across Segments

Sales rose because of solid freight demand, as many sectors of the economy reopened and more consumers returned to their normal routines.

NADA Issues 2021 Second Quarter Auto Sales Analysis

In the second quarter of 2021, sales totaled a 17.0 million unit SAAR, up slightly from the 16.9 million unit SAAR in the first quarter of 2021.

NADA Market Beat: Inventory Constraints Limit New-Car Sales

New light-vehicle sales fell for the second straight month in June.

NADA Market Beat: May Sales Strong; Slight Fall from April’s Highs

New light-vehicle sales remained strong in May but fell slightly from April’s highs.

U.S. President Joe Biden visits Ford Rouge Electric Vehicle Center in Dearborn

Biden Pitches $174 Bln Electric Vehicle Plan in Michigan

“We’re going to set a new pace for electric vehicles,” Biden said. The President spoke to Ford workers and executives in front of a display and map touting the company’s “EV-certified dealer network” consisting of 2,300+ EV-certified dealers nationwide, trained EV sales teams, EV-qualified technicians and certified collision locations.

NADA Market Beat: New Light Vehicle-Sales Top 18 Million Unit SAAR for Second Straight Month

April’s new light-vehicle sales saw an 18.5 million-unit SAAR—the second straight month (following a March revision) of sales above 18.0 million units and the highest monthly sales rate since July 2005 with a 20.6 million SAAR.

ATD Truck Beat: Truck Sales Analysis for Q1

Commercial truck sales started the year off well, with total sales of 98,404—an increase of 15.8% from first quarter 2020.