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March 2, 2011

Edmunds.com: Pick Up in Leasing Impacting Incentive Spending

Edmunds.com estimated that the average automotive manufacturer incentive in the U.S. was $2,558 per vehicle sold in February 2011, essentially flat compared to January 2011, and down $99 – or 3.7 percent – from February 2010.

March 1, 2011

TrueCar Releases Car-Shopper Behavior Study

A new study conducted by TrueCar Inc. has determined that consumers prefer knowing the true price paid by others purchasing the same type of car in the last 30 days. It also revealed that consumers don't truly know how much dealers make on the sale of a vehicle.

February 28, 2011

Edmunds.com: February Sales Will Keep SAAR on Steady Path

This month's new-car sales (including fleet sales) are expected to be approximately 937,000 units, a 20.1 percent increase from February 2010 and a 14.4 percent increase from January 2011, according to Edmunds.com.

February 15, 2011

Arkansas Lawmaker Seeks to Lower Used-Car Tax

Arkansas State Sen. Gilbert Baker (R-Conway) wants to increase the state’s used-car sales tax exemption from $2,500 to $5,000 — at a cost to the state of about $7.8 million.

February 15, 2011

Miami-Dade Grand Jury Targets Dealers

A report issued by a Miami-Dade County grand jury says that Florida’s Department of Revenue (DOR) should go after suspected tax cheats, including used-car dealers, in an effort to close a nearly $4 billion budget gap.

February 15, 2011

Solid Start for New- and Used-Vehicle Market in February

New-vehicle sales are off to a strong start in February because of better floor traffic and closing ratios, as well as a looser credit market, according to CNW’s Retail Automotive Summary.

February 8, 2011

Carfax Expands Marketing Support for Dealers

Carfax is increasing its support of dealers to boost customer traffic and used-car sales. Subscribing dealers have access to an expanded set of free marketing materials from Carfax that influence a car buyer’s dealer choice and build confidence.

February 8, 2011

NADA Economist: New-Car Sales Headed for Double-Digit Percentage Gains in 2011

Paul Taylor, chief economist of the National Automobile Dealers Association (NADA), said Sunday that new-vehicle sales will reach 12.9 million units in 2011 as consumers benefit from higher trade-in equity and improving credit.

February 8, 2011

NADA Guide Analyst: Car Shoppers Will Benefit from High Trade-in Values in 2011

Rising consumer confidence, an aging fleet and greater access to credit are key factors that will increase consumer demand for used cars and trucks in 2011, said Jonathan Banks, executive automotive analyst for NADA Used Car Guide.

February 3, 2011

Edmunds.com: CPO Vehicles Pace the Used-Car Market in 2010

An estimated 18.6 percent of used cars sold by franchise dealers in 2010 were certified, up slightly from the 17.8 percent reported in 2009, according to sales figures released by Edmunds.com.