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First Up 05/05/21

Auto Sales Helped Get the American Economy Off to a Good Start in 2021

In the first months of 2021, what was good for the auto industry was decidedly good for the American economy. The New York Times reports that spending on motor vehicles and parts rose almost 13 percent in the first quarter, making a big contribution to the increase in gross domestic product.

First Up 05/04/21

Toyota, Honda, Hyundai, Kia Rebound Sharply From Pandemic Low

Toyota Motor Corp., American Honda, Hyundai, Subaru, Kia, and Mazda, behind light trucks and robust retail demand, posted sharply higher U.S. light-vehicle sales last month compared with April 2020, when the market bottomed out early in the pandemic, with showrooms and factory floors mostly shuttered.

Beltway Talk 05/03/21

Pandemic Performance Fuels Investor Interest in Dealerships

Erin Kerrigan, Managing Director of Kerrigan Advisors, the leading sell-side advisor to auto dealers in the U.S. joins BeltwayTalk to discuss the disruption year of 2020, it’s impact on the dealership buy-sell market, and the “once in a lifetime” valuations she sees for dealers today. Armed with her latest Blue Sky Report, Erin offers valuable insight for dealers wanting to learn more about acquisition trends and how their business is valued today.

First Up 05/03/21

Toyota's Ind. Investment Will Yield Big Crossovers Dealers Have Craved

A pair of new unibody, three-row, eight-seat people haulers that will be built at Toyota Motor North America's assembly plant in Princeton, Ind., likely arriving in 2023, will give Toyota and Lexus dealers big top-end crossovers that will fill a competitive gap, reports Automotive News.

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