COVID-19 is a reminder to not put all your eggs in one basket. CARFAX has made some improvements for even more transparency in their VIN-Level reports. Also, a few OEMs made some big gains last month with light-vehicle sales.
From Automotive News: Coronavirus is a Major Wake-Up Call for U.S. Auto Industry
COVID-19 is taking the world by storm. With thousands of lives already being affected by this highly contagious virus, who knows what’s still to come. This has been a major wake-up call for the U.S. Auto Industry to not put all their eggs in one basket when it comes to manufacturing. It’s more important than ever to diversify.
Source: Cadence Design Systems
From Auto Remarketing: CARFAX Sharpens Reports for Insurers to Drill Down into VIN-Level Details
CARFAX has started an initiative to provide even more visibility into their VIN-Level reports. Insurers and shoppers will be able to use CARFAX reports to gain further details into a specific VIN’s history. This will particularly be useful to highlight vehicle modifications such as aftermarket equipment and Advanced Driver-Assistance Systems (ADAS).
Source: Kelley Blue Book
From Automotive News: Toyota, Honda, Hyundai Rack up Gains in Feb
Light-vehicle sales in the U.S. saw a rise in February. Toyota, Hyundai, and Honda led the charge. Kia also provided a big boost as their new Telluride and Seltos models shattered sales expectations.