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New-Vehicle Sales

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November 28, 2016 - Industry News

Negative Equity Becoming a Problem as New-Vehicle Sales Close in on 2015 Record

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

NADA: New Administration Could Push Sales Above 2017 Forecast of 17.1M

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 Decline in October, Manheim Reports

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

KBB: SUV Sales to Top Car Sales in October

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

LMC/J.D. Power: September Sales Expected to Fall Despite Record Incentives

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: 'Choppy' Retail Environment Drives Down Q2 F&I Gross Profit

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

Feds Investigating FCA for Inflating Sales, Automaker Confirms

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

International Nameplates Gaining Market Share, AIADA Reports

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

KBB Predicts Record Sales in April

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

April 28, 2016 - Industry News

Edmunds Predicts April Record for Industry 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 Bank: U.S. Auto Sales to Peak in 2016, Remain Healthy in 2017

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

Black Book, Fitch Predict Vehicle Depreciation Will Reach 15% in 2016

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

Consumers on Pace to Spend More Than $32 Billion on New Vehicles in February

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

December 16, 2015 - Industry News

Industry Analysts Discuss Rate Hike's Impact on Vehicle Sales

Photo courtesy of Federal Reserve Flickr. 

The Federal Reserve voted unanimously today to increase its target funds rate by a modest quarter point. One market research firm believes that could cut into sales by 150,000 units.

Tags: Cox Automotive, Federal Reserve, Interest Rates, JD Power, Kelley Blue Book, New-Vehicle Sales, Vehicle Sales

December 15, 2015 - Industry News

New-Vehicle Registrations Return to Prerecession Levels

Based on new-vehicle registration data collected by Experian Automotive, industry sales have returned to prerecession levels. Crossover utility vehicles and the state of California have led the way, accounting for 23.9% and 11.8% of all new-vehicle registrations, respectively.

Tags: Cheverolet, Crossover Utility Vehicles, Experian Automotive, Ford, Honda, New-Vehicle Registrations, New-Vehicle Sales, Nissan, Toyota

November 19, 2015 - Industry News

NADA Says New-Vehicle Sales to Reach 17.7 Million in 2016

In a joint press conference preceding the Los Angeles Auto Show, representatives from the NADA and J.D. Power spoke on the current state of auto retailing and delivered their 2016 new- and used-vehicle sales predictions.

Tags: Diesel Powered, Jonathan Banks, NADA, New-Vehicle Sales, Steven Szakaly, Used Car Guide, used-vehicle values, Volkswagen

November 3, 2015 - Industry News

New-Vehicle Transaction Prices Rise More Than 1% in October

The Volkswagen brand, still suffering from the diesel emissions scandal, was the only brand to show a dip in average transaction prices.

Tags: Kelley Blue Book, New-Vehicle Sales, October 2015, Third Quarter, Transaction Prices

October 27, 2015 - Industry News

KBB Predicts 12% Increase in New-Vehicle Sales

The vehicle information site said this week it expects new-vehicle sales to total 1.43 million units in October, the highest October sales volume in more than a decade.

Tags: fleet sales, Kelley Blue Book, New-Vehicle Sales, Retail Sales

October 13, 2015 - Industry News

Finalists Chosen for Kelley Blue Book Best Buy Awards

Kelley Blue Book announced the finalists for the Kelley Blue Book Best Buy Awards, which honors the top new model-year vehicle choices in the U.S. market.

Tags: Awards, Kelley Blue Book, New-Vehicle Sales

July 1, 2015 - Industry News

New-Car Transaction Prices Continue to Rise in June

New-car transaction prices rose 2% in June, with Ford leading the way. The only automaker to realize a decrease was the Volkswagen Group.

Tags: Kelley Blue Book, New-Vehicle Sales, Transaction Prices

June 30, 2015 - Industry News

Automotive Loyalty Reaches Highest Levels in a Decade, IHS Reports

IHS reported this week that brand loyalty among automotive brands has reached a 10-year high, with 13 brands also realizing 10-year highs in loyalty rates.

Tags: Customer Retention, IHS Automotive, Loyalty Rates, New-Vehicle Sales

June 25, 2015 - Industry News

KBB Raises 2015 Sales Forecast to 17.1 Million Units

Kelley Blue Book said today that it expects June sales to total 1.5 million units, which would push first-half and second-quarter sales totals to their highest levels since 2005. The firm also raised its 2015 sales forecast from 16.9 million to 17.1 million.

Tags: auto dealers, Auto Industry, Kelley Blue Book, New-Vehicle Sales

March 31, 2015 - Industry News

NADA Chief Economist Maintains 16.94 Million-Unit Prediction

The National Automobile Dealers Association maintained its 16.94 million-unit prediction for new-vehicle sales in 2015. The association’s chief economist said the trade group is revising its outlook for the Fed raising rates, as low oil and gas prices continue to limit inflation.

Tags: Consumer Spending, gross domestic product, NADA, NADA/J.D. Power Automotive Forum, New-Vehicle Sales, U.S. Auto Sales

January 27, 2015 - Industry News

J.D. Power Projects Best January Sales in 10 Years

J.D. Power and LMC Automotive expect the industry to realize its best January for new-vehicle sales since 2004, with the firms projecting sales of 932,000 units.

Tags: J.D. Power and Associates, New-Vehicle Sales, SAAR

January 9, 2015 - Industry News

KBB Predicts 16.9 Million U.S. Sales in 2015

Despite predicting that new-vehicle sales will rise above 2014 levels, the vehicle information site believes 2015 will be the slowest year for sales growth since 2009.

Tags: Gas Prices, Kelly Blue Book, New-Vehicle Sales, Transaction Prices

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