News/Media Release
Staff
Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
Staff
Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
However, new-vehicle sales slowed notably in May, falling to 15.6 million from 17.3 million in April.
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While the market digests the impact of tariffs, it could see slightly higher levels of wholesale depreciation over the summer.
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The acquisition provides the major independent auto auction operation with access to Minnesota’s Twin Cities wholesale vehicle market.
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Montway Auto Transport has announced the addition of Angels Moving Autos, a luxury automotive transport brokerage, strengthening its luxury shipping services.
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April figures show an electric vehicle market facing several challenges that reflect broader economic trends.
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As the effects of the “spring bounce” and initial pull ahead from tariffs diminished, sales decreased in April.
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Data indicates tariffs may raise costs for some vehicle models, but automakers remain uncertain how the added expense could inflate consumer pricing.
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New-vehicle affordability declined in April to the worst level yet this year as the bite of higher prices and lower incentives reversed an improving trend.
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Auctions in April saw spikes in sales of 1–2-year-old vehicles, off-rental vehicles, and consumer trade-ins.
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Ever since President Trump announced auto tariffs 47 days ago, the cost of new cars has been steadily climbing.
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