May 9, 2017 - Industry News
The index's April reading was 124.7, a year-over-year improvement thanks to the 0.5% increase in wholesale used-vehicle prices. Manheim officials said any weakness is more a result of excessive new-vehicle inventory, with more than four million new units sitting on dealer lots for the last three months.
Tags: Manheim Used Vehicle Report, new-vehicle sales, Used Vehicle Value Index, used-vehicle values, Wholesale Pricing
May 3, 2017 - Industry News
Not even another strong performance in U.S. new-vehicle margins, a record quarter in the group's U.K. market, and a profitable quarter in Brazil were enough to offset "extreme weakness" in Group 1's energy price-impacted markets.
Tags: F&I profit, Group 1 Automotive, new-vehicle sales, used-vehicle sales
April 26, 2017 - Industry News
April retail sales are expected to reach 1.17 million thanks to record incentive spending. However, average days to turn continues to rise, with nearly 30% of vehicles sold so far in 2017 having sat on dealer lots more than 90 days.
Tags: Incentive Spending, JD Power, LMC Automotive, new-vehicle sales
April 17, 2017 - Industry News
According to the trade group’s NADA Data 2016 report, dealership employees had one of the highest average salaries of any industry.
Tags: employment, F&I, fixed operations, NADA Data Report, National Automobile Dealers Association, new-vehicle sales, used-vehicle sales
April 4, 2017 - Industry News
With the Industry SAAR falling below 17 million for the first time since August, the trade group said the industry's March sales performance 'suggests that sales may be plateauing.' The association said now is the time for dealers to tighten their operations and push back on any tax increases on consumers.
Tags: American International Automobile Dealers Associat, Honda, new-vehicle sales, Nissan, Subaru
March 9, 2017 - Industry News
The California new-vehicle market leveled off in 2016, with new light vehicle registrations increasing by less than 2% during the final three quarters of last year, according to the California New Cars Dealers Association (CNCDA).
Tags: California New Car Dealers Association, new-vehicle sales, used-vehicle sales
March 1, 2017 - Industry News
With sales skewed toward utility vehicles, the average transaction price for light vehicles rose by $757, or 2.3%, from a year ago to $34,352 in February, the firm reported today.
Tags: Average Transaction Price, Kelley Blue Book, new-vehicle sales
February 8, 2017 - Industry News
The group’s F&I operations posted a $60 increase in F&I profit per vehicle retailed during a quarter in which the nation’s eighth largest auto retailer chose volume over margin.
Tags: Asbury Automotive, F&I products, F&I profit per vehicle retailed, new-vehicle sales, used-vehicle sales
February 1, 2017 - Industry News
A sales mix in favor of utility vehicles drove up January’s average transaction price 3.3% from a year ago to $34,968. Among the greatest beneficiaries were the Detroit Three, with General Motors leading the way.
January 31, 2017 - Industry News
The expected regulatory rollback, plateauing sales, rising interest rates, and the push to change the in-dealership experience clouds the F&I industry’s future, EFG Companies said today. Four of the firm's executives offered their predictions for 2017.
Tags: Consumer FInancial Protection Bureau, digital retailing, Donald Trump, EFG COmpanies, interest rates, new-vehicle sales, Regulations, used-vehicle sales
January 25, 2017 - Industry News
After a record December capped off a record year for new-vehicle sales, January appears to be enduring a hangover effect, the vehicle information site said. It expects sales to decline 3% from a year ago to 1.13 million units.
Tags: fleet sales, Kelley Blue Book, new-vehicle sales, Retail Sales
The vehicle information site expects new-vehicle sales to total 1.15 million units in January, a 31.5% decrease from December and a 0.7% decrease from January 2016.
Tags: Edmunds, fleet sales, new-vehicle sales, Retail Sales
November 28, 2016 - Industry News
The good news, according to Edmunds.com, is the industry is on pace to top last year's record new-vehicle sales total. The bad news, the firm noted in a separate release, is car buyers are rolling over negative equity from their trade-ins in record numbers.
Tags: 2016, Edmunds.com, new-vehicle sales, SAAR
November 15, 2016 - Industry News
The NADA’s chief economist said the industry will sell 17.1 million new units in 2017. That forecast could rise by the end of February — that's if the the new administration delivers on its stated policy objectives.
Tags: 2017, NADA, new-vehicle sales, SAAR
November 8, 2016 - Industry News
Wholesale used-vehicle prices declined 0.7% in October, according to Manheim. Non-seasonally adjusted prices declined 2%, with the Manheim Used Vehicle Value Index increasing 0.6% from a year ago to 126.0.
Tags: Manheim, Manheim Index, Manheim Used Vehicle Report, new-vehicle sales
October 27, 2016 - Industry News
For the first time on Kelley Blue Book’s record, SUV sales should top car sales in the United States. The firm also expects new-vehicle sales to decline 6% in October due, in part, to two fewer selling days vs. a year ago.
Tags: Kelley Blue Book, new-vehicle sales, SAAR, Subaru
September 27, 2016 - Industry News
For the fifth time in seven months, J.D. Power and LMC Automotive are predicting a year-over-year decline in new-vehicle retail sales for September. But officials with both firms said the numbers don't point to significant weakness or risk, but the firm does see challenges ahead.
Tags: Forecast, J.D. Power, LMC Automotive, new-vehicle sales, SAAR
August 17, 2016 - Industry News
Asbury increased its F&I per-copy average 3% to $1,436 in the second quarter. But total F&I gross profit fell due to a 'Choppy' retail environment, officials said.
Tags: Asbury Automotive, F&I, new-vehicle sales, Quarterly Earnings, Second Quarter, Used Vehicles
July 19, 2016 - Industry News
Fiat Chrysler Automobiles confirmed in a statement issued today that it’s under investigation by the U.S. Security and Exchange Commission and the U.S. Department of Justice. According to Bloomberg, FBI agents visited the homes of nine people who run FCA business centers as part of a probe into the automaker’s monthly sales reporting.
Tags: Chrysler, Ed Napleton, FCA, Fiat, Napleton Automotive Group, new-vehicle sales
June 2, 2016 - Industry News
Based on its May sales totals, the American International Automobile Dealers Association (AIADA) reported that a larger percentage of new vehicles sold during the month came from international brands.
Tags: AIADA, May Sales, new-vehicle sales, SAAR
April 28, 2016 - Industry News
After a disappointing March, new-vehicle sales should bounce back in April, KBB said yesterday. The firm predicts new-vehicle sales will rise 4% from a year ago to a record 1.51 million units.
Tags: April, Kelley Blue Book, new-vehicle sales
The vehicle information site said this week that April sales are on pace to eclipse the April 2005 sales record of more than 1.5 million units. It also believes the industry is on pace to shatter last year’s 17.5 million-unit sales record.
Tags: Edmunds.com, fleet sales, new-vehicle sales, SAAR
April 21, 2016 - Industry News
TD Economics, an affiliate of TD Bank and TD Auto Finance, projects U.S. auto sales will peak at 17.6 million units this year before edging down to 17.3 million in 2017. But sales should remain at the 17 million-unit level for some time, the finance source’s economist noted.
Tags: Dina Ignjatovic, new-vehicle sales, SAAR, TD Auto Finance, TD Economics, used-vehicle sales
March 23, 2016 - Industry News
In a joint report issued this week, the two firms said increased supply and incentives will drive higher depreciation in 2016. Auto ABS performance will face pressure, but no material concerns, the firms say.
Tags: Black Book, new-vehicle sales, used-vehicle sales, vehicle depreciation
February 24, 2016 - Industry News
J.D. Power and LMC Automotive said this week that consumers are on pace to spend more than $32 billion on new vehicles this month, a first for the month of February. The two firms noted, however, that their projected 13.9 million retail SAAR is the lowest level since June and well below the 15.3 million pace set last September.
Tags: Consumer Spending, Forecast, J.D. Power and Associates, LMC Automotive, new-vehicle sales
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