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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 1, 2015 - Industry News

Costco, GM Team Up on Holiday Promotion

For the third year in a row, Costco is teaming with General Motors on a winter Holiday Sales Event that will offer members saving on Chevrolet, Buick, GMC and Cadillac vehicles. The event runs from Oct. 2 through Jan. 4, 2016

Tags: Costco Auto Program, Discount, General Motors, holiday, 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

January 6, 2015 - Industry News

New-Car Transaction Prices Reach New Record, KBB Reports

Average transaction prices in December were up nearly 3% from a year ago and nearly 1.6% from November, with Hyundai and Kia posting the largest percentage gain among major OEMs.

Tags: KBB. kbb.com Kelley Blue Book, new-vehicle sales, transaction prices

December 18, 2014 - Industry News

J.D. Power Projects Highest December SAAR in Eight Years

New-vehicle retail sales in December are expected to reach a SAAR of 14.2 million units, the highest level since 2006.

Tags: Christmas, December, holiday, J.D. Power and Associates, new-vehicle sales, Retail Sales, SAAR

December 11, 2014 - Industry News

Trucks Outselling Premium Brands Over $50,000

TrueCar's projected list of the top selling vehicles with a transaction price over $50,000: Graph via TrueCar.

Pick-up trucks and SUVs account for 6 of the 10 best selling vehicles with transaction prices over $50,000, TrueCar reports

Tags: Luxury Vehicles, new-vehicle sales, Trucks, TrueCar

October 13, 2014 - Industry News

Avg. New-Vehicle Transaction Price Up $3,900 Since 2009

New-vehicle retail sales through September were at their highest level since 2005, but the rise in new-vehicle transaction prices is what has really contributed to the industry's health this year, say J.D. Power analysts.

Tags: J.D. Power and Associates, new-vehicle sales, Power Information Network, transaction prices

September 30, 2014 - Industry News

CNW Sees 4% Sales Increase in September

The market research firm’s prediction is based on skyrocketing subprime approvals and an active Hispanic consumer market, which, for the first time, could outpace African-Americans in new-vehicle purchases.

Tags: Closing Ratios, CNW Research, jitters index, new-vehicle sales

September 25, 2014 - Industry News

Industry Could Realize Best September Since 2007, Reports Say

New projections from TrueCar and J.D. Power show the industry heading to its best September sales month since 2007, with sales expected to be as much as 9.7% better than last year.

Tags: J.D. Power and Associates, new-vehicle sales, SAAR, September, TrueCar

July 24, 2014 - Industry News

Auto Sales to Reach Highest July Mark in Eight Years, Edmunds Predicts

Edmunds.com forecasts that about 1.46 million new cars and trucks will be sold in the U.S. market in July, the highest July total since 2006.

Tags: Edmunds.com, July Auto Sales, new-vehicle sales

February 20, 2014 - Industry News

Lithia Posts Record Revenues for 2013

The company’s revenues exceeded $1 billion in the fourth quarter and $4 billion for the full year. Its F&I operations also posted increases in F&I penetrations and profit per retail unit.

Tags: F&I, Lithia, Lithia Motors, new-vehicle sales, Quarterly Earnings

January 30, 2014 - Industry News

Weather Pushing Down January Sales, Edmunds Says

Edmunds expects January sales to drop 23.6% from December and 0.6% from January 2013. But the vehicle information site expects sales to pick up in February when the bad weather clears.

Tags: Edmunds.com, Forecast, new-vehicle sales, SAAR

January 30, 2014 - Industry News

CNW Sees a 3.6% to 6% Increase in 2014 Sales

CNW believes more consumers, including Millennials, are ready to ditch their post-recession funk, which the firm believes bodes well for 2014 vehicle sales.

Tags: Art Spinella, certified pre-owned vehicles, CNW Research, fleet sales, new-vehicle sales

January 28, 2014 - Industry News

NADA Used Car Guide: Used-Vehicle Prices to Slip in 2014

Greater supply of used cars to end five years of price growth, but officials with NADA Used Car Guide said prices will remain at historically high levels.

Tags: car prices, Jonathan Banks, NADA Convention & Expo, NADA Used Car Guide, new-vehicle sales

January 28, 2014 - Industry News

NADA: Sales to Reach 16.4 Million in 2014

The NADA issued its prediction for vehicle sales this past weekend, saying rising home values, residential construction and employment will boost U.S. light vehicle sales to 16.4 million units in 2014.

Tags: chief economist, employment, home values, National Automobile Dealers Association, new-vehicle sales

January 28, 2014 - Industry News

Dealers Positive About 2014, Ally Survey Finds

Ninety percent of the 150 dealers Ally surveyed at the 2014 NADA Convention and Expo this past week said their outlook for 2014 sales is positive.

Tags: Ally Financial, GAP, NADA, NADA Convention & Expo, National Automobile Dealers Association, new-vehicle sales, social media, Survey, vehicle service contracts

December 26, 2013 - Industry News

J.D. Power: December Sales Expected to Finish Strong

U.S. consumers are expected to spend more than $34 billion on new vehicles in December, a historic high for the month, reports J.D. Power and LMC Automotive.

Tags: J.D. Power and Associates, LMC Automotive, monthly sales, new-vehicle sales

December 17, 2013 - Industry News

Used Sales Climb 1.4% vs. a Year Ago

Franchised dealers are set to sell more than 1.24 million used vehicles this month, a gain of nearly 9% vs. a year ago, according to data from CNW Research.

Tags: Art Spinella, CNW Research, Franchised Dealerships, Independent Dealerships, new-vehicle sales

December 17, 2013 - Industry News

December Deliveries Pacing at 16.3 Million-Unit Annual Rate

A series of upbeat metrics has CNW putting December new-vehicle sales in the 1.5 million-unit range, a 10% increase vs. the year-ago period.

Tags: Art Spinella, CNW Research, floor traffic, loan approval, new-vehicle sales, subprime

September 26, 2013 - Industry News

KBB: September Auto Sales Expected to Dip Nearly 2 Percent

The seasonally adjusted annual rate is at 15.7 million units, while September is expected to decline 1.8 percent to a total of 1.17 million units, KBB reports.

Tags: KBB.com, Kelley Blue Book, New Vehicles, new-vehicle sales