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October 25, 2017 - Industry News

KBB: New-Vehicle Sales Expected to Fall 2% in October

Despite the expected decline, October looks to be relatively strong on strong replacement demand in hurricane-impacted states and higher incentive spending. Kelley Blue Book analysts, however, believe these are indicators that new-vehicle demand is still contracting.

Tags: Fiat Chrysler, Honda, Kelley Blue Book, new-vehicle sales, Nissan, SAAR, Toyota, Volkswagen

October 3, 2017 - Industry News

KBB: September’s Avg. New-Vehicle Price Up $144 From a Year Ago

New-car affordability continued to be a challenge for car buyers, with the average transaction price closing in on $35,000 in September.

Tags: Acura, Average Transaction Price, Buick, Chevrolet, General Motors, Honda, Kelley Blue Book

August 25, 2017 - Industry News

Honda Launches Next Phase of Emissions Reduction Program

Brandfon Honda in Branford, Conn. is a Platinum award recipient in Honda's Green Dealer Program. The dealer produces as much or more energy from renewable energy sources than it consumes from its local electric utilities over a one-year measurement period. Photo courtesy of Honda.

The program, launched in 2012, offers a refreshed website with cumulative CO2 reduction data, an updated Green Dealer Guide, and new benchmark metrics for evaluation.

Tags: Acura, CO2 reduction, Environmental Leadership Program, Green Dealer Guide, green dealers, Honda, sustainability, waste reduction

April 4, 2017 - Industry News

AIADA: Asian Brands Lead the Way for International Nameplates in March

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 2, 2017 - Industry News

AIDA: Trucks Up, Sales Down in February

America's 9,500 international nameplate franchises accounted for 54% of all new vehicles sold in the United States in February. Industrywide, 1.33 million light vehicles were sold last month.

Tags: American International Automobile Dealers Associat, Audi, Autodata Corp, Honda, SAAR

February 15, 2017 - Industry News

No Sedans Among KBB’s Top 12 Family Cars

The 2017 Honda CR-V is the top seller among the two-row SUVs Kelley Blue Book included in its latest list of top family vehicles. Photo courtesy American Honda Motor Co. Inc.

Kelley Blue Book’s list of the best family vehicles for the 2017 model year includes eight SUVs, four minivans, and no sedans.

Tags: Chevrolet, Chrysler, Honda, Kelley Blue Book, Kia, Nissan, Subaru, Toyota

January 12, 2017 - Industry News

Autodata: December Sales Push 2016 New-Vehicle Sales Above 17.5 Million

The 3.1% year-over-year increase in new-vehicle sales in December was more than enough to push the industry’s annual sales tally above the 17.5 million-unit mark for 2016, according to Autodata Corp.

Tags: Audi, BMW, Chrysler, December, Ford, GM, Honda, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Porsche, SAAR, Toyota, Vehicle Sales, Volkswagen

December 6, 2016 - Industry News

New-Vehicle Sales Rise 3.7% in November, Autodata Reports

The industry sold 1.38 million new units in November, a 3.7% increase from a year ago, according to Autodata Corp. November's seasonally adjusted annual rate was 17.87 million, which was slightly lower than last November’s SAAR of 18.25 million.

Tags: Audi, BMW, Chrysler, Ford, GM, Honda, Hyundai, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Novemer, Porsche, Toyota, Vehicle Sales, Volkswagen

November 22, 2016 - Industry News

NADAUCG Releases Retention Rankings for One-Year-Old Models

Photo courtesy of Toyota. 

The NADA Used Car Guide issued a report that examines retention performance for 33 all-new or redesigned mainstream and luxury models. Leading the list were the 2016 Toyota Tacoma, Honda Pilot and Volvo XC90.

Tags: Honda, NADA, NADA Used Car Guide, Toyota, Volvo

November 15, 2016 - Industry News

KBB Announces 2017 Best Buy Awards

Kelley Blue Book announced the winners of its 2017 Best Buy Awards. The big winner was Honda. Not only did it take home four awards, its 2017 Honda Civic was named the Overall Best Buy of 2017.

Tags: Audi, Awards, Best Buy, Chevrolet, Chrysler, Ford, Honda, KBB, Kia, Mercedes-Benz, Porsche, Toyota

August 3, 2016 - Industry News

KBB Releases List of Top 10 Back-to-School Cars

For the third year in a row, the Honda Fit ranked No. 1 on Kelley Blue Book’s list of 10 Best Back-to-School Cars. Honda also claimed the third- and fourth-place spots with its Civic and HR-V models, respectively.

Tags: Affordable, Best Back-to-School Cars for Students, Honda, KBB

June 30, 2016 - Industry News

NHTSA Issues Urgent Warning to 313,000 Honda, Acura Owners

Two Honda models that contain the dangerous Takata air bag inflators. 

New tests on Takata airbag inflators show that certain model-year 2001-2003 Honda and Acura vehicles have up to a 50% chance of rupturing during a crash, according to a National Highway Traffic Safety Administration (NHTSA) alert.

Tags: Acura, Danger, Honda, NHTSA, Recall, Takata

May 17, 2016 - Industry News

Consumers Prefer Brands With 'Social Good Campaigns,' KBB Says

Consumers not only prefer to buy from brands with social good campaigns, they expect auto manufactures to carry them out. According to a KBB survey, 64% of respondents expect automakers to carry out social good campaigns. An even larger percentage, 70%, would like to see more automakers promote social good campaigns.

Tags: Campaign, dealers, Ford, Honda, KBB, Millennials, Subaru

January 19, 2016 - Industry News

GoMoto, Market Scan Develop New Sales Experience for Kuni Honda

The dealership will utilize GoMoto’s HUBs, large-format kiosks and mobile software, combined with Market Scan’s application to personalize a consumer’s buying experience.

Tags: CSI, Customer Experience, GoMoto, Honda, Market Scan

January 12, 2016 - Industry News

2015 New-Vehicle Sales Reaches 17.5 Million Units

New-vehicle sales for 2015 totaled 17.5 million units, with the industry closing out the year with December sales of 1.6 million units, according to Autodata Corp.

Tags: BMW, Chrysler, December, Ford, General Motors, Honda, Hyundai, Mazda, Mercedes-Benz, Mitsubishi, Nissan, SAAR, Toyota, Volkswagen

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

July 1, 2015 - Industry News

CFPB Preparing to Cite Three Captives, American Banker Reports

According to proposed consent orders obtained by American Banker, Honda, Nissan and Toyota’s captive finance companies could soon be on the hook for dealer participation policies.

Tags: American Honda Finance, Auto Lending, captive finance, CFPB, Consumer Financial Protection Bureau, Department of Justice, discrimination, DOJ, Honda, Nissan, Nissan Motor Acceptance Corp., Toyota, Toyota Financial Services, Toyota Motor Credit Corp

December 9, 2014 - Industry News

November Sales Pace at 17.20 Million-Unit Annual Rate

November total light vehicle sales increased 4.6% from a year ago to more than 1.3 million units. The industry SAAR was also up significantly from a year ago and the month prior, rising to 17.20 million units.

Tags: Audi, Autodata Corp, BMW, Chrysler, Ford, General Motors, Honda, Hyundai, Mazda, Mercedes-Benz, Mitsubishi, monthly sales, Nissan, Porsche, SAAR, Toyota, Volkswagen

August 12, 2014 - Industry News

July New-Vehicle Sales Increase 5% in July, Autodata Reports

July sales totaled 1.435 million units, according to the firm. It put the July SAAR at 16.48 million units, up from 15.76 million in July 2013 but down from 16.9 million in June.

Tags: Audi, Autodata Corp, BMW, Chrysler, Ford, General Motors, Honda, Hyundai, July Auto Sales, Mazda, Mercedes-Benz, Mitsubishi, monthly sales, Nissan, Porsche, Toyota, Volkswagen

July 10, 2014 - Industry News

June Sales Top A Year Ago Despite Fewer Selling Days

Total light vehicle sales in June rose 1.2% from a year ago to 1.42 million units, even with two fewer selling days on the calendar. The month’s 16.98 million SAAR also bested May’s and last June's rate.

Tags: Autodata Corp, BMW, Chrysler, Ford, General Motors, Honda, Hyundai, June Sales, Mazda, Mercedes-Benz, Mitsubishi, monthly sales, Nissan, Porsche, SAAR, Toyota, Volkswagen

June 25, 2014 - Industry News

Rick Case Appointed First South Fla. Alfa Romeo Dealer

To celebrate the unveiling of the new store, the group will donate the first 2015 Alfa Romeo 4C to live auction, with 100% of the bid price over MSRP being donated to charity.

Tags: Acura, Audi, charity giving, Chrysler, Donation, Fiat, Honda, Hyundai, Kia, Mazda, Volkswagen

June 24, 2014 - Industry News

Dealership Buy/Sell Activity Jumps 60% in Q1

The Kerrigan Quarterly Blue Sky Report also finds that blue sky pricing remains high for most franchises, with the market having established a pricing floor.

Tags: BMW, First Quarter, Honda, Lexus, Mercedes-Benz, Porsche, Report, Toyota, Vehicle Sales

June 17, 2014 - Industry News

Honda, Acura Earn Edmunds’ Best Retained Value Awards

Honda won in the nonluxury division with a projected residual value of 50.1% after five years, while Acura took home the luxury crown with a projected five-year residual value of 45.4%.

Tags: Acura, Awards, Edmunds, Edmunds.com, Honda

June 5, 2014 - Industry News

Total Light Vehicle Sales Increase 11.4% in May, Autodata Reports

The industry SAAR jumped to 16.77 million units, up from last May’s 15.48 million-unit rate and last month’s 16.04 million-unit SAAR.

Tags: Audi, Autodata Corp, BMW, Chrysler, Ford, General Motors, Honda, Hyundai, Mazda, Mercedes-Benz, Mitsubishi, monthly sales, Nissan, Porsche, SAAR, Toyota, Volkswagen

May 14, 2014 - Industry News

Calif. New-Vehicle Registrations Up 5.4% in Q1

New-vehicle sales in California improved for the 14th consecutive quarter in the opening quarter of 2014, with new-vehicle registration increasing 5.4% from a year ago, according to the state association.

Tags: Brian Maas, California New Car Dealers Association, Honda, Hybrid Vehicle, Tesla Motors, Toyota

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