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March 1, 2016 - Industry News

Average New-Vehicle Transaction Price Reaches $33,781, KBB Reports

The average transaction price for a new car rose 2.2% to $33,781 in February, Kelley Blue Book reported today. The vehicle information site also noted that incentive spending is nearing pre-recession levels, as vehicle OEMs look to offset rising prices.

Tags: February, Kelley Blue Book, Vehicle Transaction Price

February 11, 2016 - Industry News

KBB Announces Winners of Five-Year Cost to Own Awards

Hyundai and Acura took the top honors, winning the competition's Best Brand and Best Luxury Brand awards, respectively. The contest looks at a vehicle’s depreciation, fuel costs, finance and insurance fees, maintenance and repair costs, and state fees to find its winners.

Tags: Awards, Cost to Own, Kelley Blue Book

February 11, 2016 - Industry News

Cox Automotive Hires Creative Agency for Autotrader, KBB Brands

Cox Automotive has named Zambezi as its lead creative agency for its Autotrader and Kelley Blue Book brands. Zambezi will work with both companies to help change the way they collectively approach marketing and communications for consumers.

Tags: Autotrader, Cox Automotive, creative advertising, Kelley Blue Book

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 2, 2015 - Industry News

Volkswagen Suffers 24.7% Drop in Unit Sales

The effects of Volkswagen’s diesel engine scandal are beginning to sink in, with the automaker reporting a 24.72% drop in November sales.

Tags: Autotrader, Diesel Powered, Kelley Blue Book, Volkswagen

December 2, 2015 - Industry News

KBB, Autotrader Report Strong November Unit Sales

Autotrader and Kelley Blue Book reported stronger-than-expected auto sales during the month of November. The overall industry health is looking strong, but the two firms noted several risk factors that could negatively impact the industry as it heads into 2016.

Tags: Autotrader, incentive spending, Kelley Blue Book, transaction prices

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

October 13, 2015 - Industry News

Kelley Blue Book Adds Self-Service Portal for Mass Vehicle Valuations

Kelley Blue Book now offers its customers a new self-service interface for easy access to new- and used-car Kelley Blue Book Values and configuration data by VIN.

Tags: Kelley Blue Book, new-vehicle values, used-vehicle values, VIN

October 6, 2015 - Industry News

Consumers Down on VW Brand, Diesel-Powered Vehicles, Survey Shows

Not only do more than half of consumers on Kelley Blue Book and Autotrader have "complete" or "general mistrust" of the Volkswagen brand in the wake of its emissions scandal, 30% of users of both sites are less likely to consider a diesel-powered vehicle.

Tags: Autotrader, AutoTrader.com, Diesel Powered, EPA, Kelley Blue Book, Volkswagen

August 31, 2015 - Industry News

Manheim Opens Riverside Facilities to Assist in Used-Vehicle Evaluations

Pictured left to right:  Barry Room, Manheim Regional Vice President, West, Chris Brown, General Manager of Manheim Riverside, Scott Hurst, Market Vice President, Southwest Market, Riverside Mayor  Rusty Bailey, Janet Barnard, Manheim President of North America, Congressman Mark Takano and Mike Sadowski, VP of Operations, General Manager for Kelley Blue Book. Photo: Manheim

Manheim recently unveiled a new indoor vehicle inspection facility and the Kelley Blue Book Resource center at its California Service Center in Riverside, Calif.

Tags: Auto Auctions, Kelley Blue Book, Manheim, Used Cars

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 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 3, 2015 - Industry News

New-Car Transaction Prices Climb in February, KBB Reports

New-car prices increased 3.6% over last February, with Hyundai-Kia showing the largest percentage gain of all major OEMs.

Tags: February, Kelley Blue Book, New Vehicles, transaction prices

December 2, 2014 - Industry News

KBB: New-Car Transaction Prices Up in November

New-car prices have increased by $165 from November last year, while rising $568 from a month prior. Domestic automakers have been the main beneficiaries of this trend, according to Kelley Blue Book.

Tags: Kelley Blue Book, transaction prices

October 16, 2014 - Industry News

Women Less Confident in Car-Buying Process, KBB Reports

A new study from Kelley Blue Book found that 58% of men are confident in the car-buying arena, versus 38% of women. As a result, women take longer to make a purchase decision.

Tags: Car Shopping, Kelley Blue Book, Study

September 3, 2014 - Industry News

New-Car Transaction Prices Jump 3% in August, KBB Reports

In August, the estimated average transaction price for light vehicles in the United States was $32,495, according to the vehicle valuation source. New-car prices have also increased 2.7% from the same period last year.

Tags: Chevrolet, Chrysler, General Motors, Kelley Blue Book, Light-Vehicle Sales, transaction prices

August 5, 2014 - Industry News

KBB’s Jared Rowe Named AutoTrader President

Rowe, who previously served as president of Kelley Blue Book for two and a half years, will succeed Alan Smith, who is leaving AutoTrader to pursue personal interests.

Tags: AutoTrader.com, Hiring, Kelley Blue Book

July 31, 2014 - Industry News

KBB: Car Shoppers Confident in ‘New’ GM

Fifty percent of new-car shoppers think GM is a different company today compared to five years ago, while only 24% of new-car shoppers believe the ‘old’ GM still exists.

Tags: General Motors, General Motors Recall, KBB.com, Kelley Blue Book

July 29, 2014 - Industry News

Kia, Volkswagen Influence Shoppers During World Cup

Kia and Volkswagen each increased the number of searches for their brands on KBB.com by 18% during the World Cup.

Tags: KBB.com, Kelley Blue Book, television advertising

March 27, 2014 - Industry News

March New-Car Sales Expected to Increase 2%

New-vehicle sales are expected to rise nearly 2% year over year to 1.48 million units, Kelley Blue Book reports. The firm also expects the industry SAAR to be at its highest level for March since 2007.

Tags: Kelley Blue Book, March, New-Car Sales, SAAR

February 4, 2014 - Industry News

KBB: Maserati Ghibli’s Super Bowl Commercial Garners Highest Consumer Interest

Jaguar F-Type, Hyundai Genesis and Audi A3 also saw a strong surge in search activity on KBB.com.

Tags: advertsing campaign, Jaguar, Kelley Blue Book, Maserati, Super Bowl, television advertising

January 7, 2014 - Industry News

KBB Breaks Down Auto Brand Popularity By Region

According to The KBB.com’s Market Intelligence research, a region’s most popular brands are often headquartered or have assembly plants in that area. The data suggests that shoppers have strong brand loyalty and research the manufacturers with local ties to their region.

Tags: brand loyalty, KBB.com, Kelley Blue Book, popular vehicles

November 7, 2013 - Industry News

KBB Forges Alliance With Bitauto, Chinese Dealer Group

Through its new strategic partnership with Internet marketing firm and the dealer association, Kelley Blue Book will make its vehicle values and insights available to the China market.

Tags: China, Internet Shopper, KBB.com, Kelley Blue Book, marketing, web marketing