Avrach & Company, PC

12/08/2022

Call us now! (215)546-2603

06/08/2022

People are struggling buying a new or used car due to low in inventory and high price tags. Check out this article to learn more:

Here are a few issues you need to know about the current car-buying climate, plus tips on best managing them.

06/03/2022

Check out this great article to learn about how effective digital tools are for companies!

Embracing a digital workflow, especially for buy-here pay-here dealers, can help independents face an ultra-competitive environment that includes digital giants and megastores. Tim Yalich, head of automotive strategy at Wolters Kluwer, focuses on providing technology platforms and services for lo

05/30/2022

From Avrach & Company, to you! Happy Memorial Day🇺🇸

05/24/2022

“Prices remain high, but the growth rate for prices should begin to slow as the anniversary of the global computer CHIP shortage arrives" Check out this article to learn more!

A spring sales bounce that has been late coming and more spread out than expected has now led to used-vehicle supply holding largely steady in April, according to the Cox Automotive analysis of vAuto Available Inventory data. The average retail list price, however, resumed its upward trajectory, sur...

05/18/2022

"wholesale used-vehicle prices are falling from the record high prices earlier this year"

https://www.fatherly.com/news/used-cars-prices-dropping-slowly/

05/12/2022

"Gas now tops at least $4 per gallon in every U.S. state"

Prices at the pump now top $4 in every U.S. state, with costs driven up by a drop in capacity.

05/10/2022

https://abc7chicago.com/new-cars-used-car-for-sale-cheapest-2021/11817646/

A new car may be one of the hottest commodities right now; n fact one recent industry study shows that 80% of buyers paid above the MSRP or Manufacturer Suggested Retail Price.

05/06/2022

"Higher interest rates will make loans for new or used cars more expensive."

Check out this article to learn more:

With the Federal Reserve increasing a key interest rate, borrowing costs are poised to head higher on a variety of consumer loans, including those for autos.

05/04/2022

There are hundreds of cars new and used that fill up dealerships lots and there's only a few electric cars that you might be lucky finding.

The number of people browsing for green vehicles has increased in recent weeks as gas prices climbed, according to Edmunds. Availability of electric vehicles is scarce; of all the vehicles for sale at one Illinois dealership, only one is fully electric.

04/28/2022

"Inflation soared over the past year at its fastest pace in more than 40 years"

WASHINGTON (AP) — U.S. consumer confidence dampened slightly in April but remains high even as inflation continues to cloud their optimism about the rest of the year. The Conference Board said Tuesday that its consumer confidence index — which takes into account consumers’ assessment of curren...

04/26/2022

"Automakers have now lost more than 12 million vehicles worldwide since the start of the shortage."

autonews.com/manufacturing/latest-numbers-automotive-microchip-shortage-43

Another 87,500 vehicles were removed from automakers’ production schedules as the total number of vehicles cut because of the microchip crisis this year topped 1.5 million.