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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

August 27, 2013 - Industry News

KBB: Crossovers, Pickups Lift August Sales Nearly 14 Percent

New-vehicle sales are expected to improve 13.6 percent in August 2013 to a total of 1.46 million units, Kelley Blue Book reports.

Tags: Ford, Honda, KBB.com, Kelley Blue Book, new-vehicle sales, Subaru, trucks

August 22, 2013 - Industry News

J.D. Power: August New-Vehicle Sales Reach 7-Year High

New-vehicle retail sales in August are projected to come in at 1.27 million units, a 12 percent increase from August 2012 and the highest monthly sales volume since 2006.

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

July 16, 2013 - Industry News

Edmunds: Surge in Leasing Creating Market Shift

Edmunds.com reports that leasing is on track to break last year’s record for lease penetration, but the vehicle information site wonders if it’s good for all consumers and the industry.

Tags: Edmunds.com, leasing, new-vehicle sales

June 4, 2013 - Industry News

May Sales Up 8.2 Percent, SAAR at 15.31 Million Units

Year-to-date sales in May were up 7.3 percent, according to AutoData Corp., while the SAAR was up 1.36 million units from a year ago. Several manufacturers also reported record-breaking Mays.

Tags: Autodata Corp, BMW, Chrysler, Ford, General Motors, Honda, Hyundai, Kia, Mazda, Mitsubishi, new-vehicle sales, Nissan, Porsche, Subaru, Toyota, Volkswagen, Volvo

May 30, 2013 - Industry News

KBB: Full-Size Cars in Trouble

Compact crossovers fueled industry sales in April, while full-size cars continued to lose market share as consumers turned to mid-size sedans.

Tags: KBB, Kelley Blue Book, new-vehicle sales

May 23, 2013 - Industry News

Calif. New-Vehicle Sales Up 12.6 Percent in Q1

New-vehicle registrations for the state reached their highest first quarter total since 2008.

Tags: Brian Maas, California New Car Dealers Association, new-vehicle sales

January 29, 2013 - Industry News

J.D. Power, LMC: New-Vehicle Retail Sales Ahead of Expectations

The two firms reported this week that January sales are off to their strongest start in five years, and could total 812,600 units by month end. Including fleet sales, total sales could reach 1.028 million units.

Tags: 2013, fleet sales, J.D. Power and Associates, LMC Automotive, new-vehicle sales, Power Information Network, Retail Sales, SAAR

January 24, 2013 - Industry News

Consumer Advocates Critical of FTC’s Used Car Rule Proposals

Consumer advocates and state regulators say the FTC doesn’t go far enough in its proposed changes to the Used Car Rule. They want dealers to include vehicle history reports on the Buyers Guide window stickers.

Tags: automotive, Bill Underriner, Buyers Guide, consumer advocates, FTC, NADA, new-vehicle sales, Used Car Rule

January 22, 2013 - Industry News

California Retails 1.6 Million New Vehicles in 2012

New-vehicle registrations were up 25.3 percent in 2012 vs. the year prior, according to the state’s dealer group. The increase in new-vehicle sales outpaced gains made nationally.

Tags: auto dealer, California, California New Car Dealers Association, CNCDA, New Vehicle Registrations, new-vehicle sales

January 3, 2013 - Industry News

December Transaction Prices Rise to Record High, TrueCar Reports

December was an ideal month for manufacturers. Transaction price rose to record levels while incentive spending continued to fall, TrueCar reports.

Tags: manufacturer incentives, new-vehicle sales, transaction prices, TrueCar, Vehicle Sales

January 3, 2013 - Industry News

Polk Sees New-Vehicle Registrations Climbing to 15.3M in 2013

Compact, subcompact and pickup segments will push industry up 6.6 percent over 2012, Polk predicts. The firm also says the industry will return to the 16 million-unit level by 2015.

Tags: Light-Vehicle Sales, New Vehicle Registrations, new-vehicle sales, R.L. Polk & Co., SAAR

December 27, 2012 - Industry News

December Sales Could Top 1.37 Million Units, TrueCar Reports

TrueCar says the industry is on pace to sell more than 1.37 million units this month, which would put the SAAR at 15.6 million units.

Tags: incentive spending, new-vehicle sales, SAAR, TrueCar, Used-Car Sales

October 25, 2012 - Industry News

October New-Vehicle Sales Nearing 2008 Feat

If October maintains its current sales pace, the industry will have achieved something it hasn't done since 2008, J.D. Power and LMC Automotive report.

Tags: JD Power, LMC Automotive, new-vehicle sales, SAAR

August 30, 2012 - Industry News

TrueCar Predicts 17 Percent Increase in August Sales

TrueCar puts August’s seasonally adjusted annual rate at 14.2 million despite spotting a 6 percent drop in incentive spending.

Tags: incentive spending, new-vehicle sales, SAAR, TrueCar, Used-Car Sales

August 28, 2012 - Industry News

August New-Vehicle Sales Strong Amid Weak Economic Growth, JD Power and LMC Report

J.D. Power and LMC Automotive expect the industry to realize its highest monthly, new-vehicle selling rate in four and half years, with the industry expected to sell more than 1.066 million units this month.

Tags: JD Power, LMC Automotive, new-vehicle sales

July 26, 2012 - Industry News

July New-Car Sales to Be Highest in Five Years, TrueCar Predicts

July ’12 new-vehicle sales are expected to reach their highest level since July ’07, according to TrueCar.com.

Tags: fleet sales, new-vehicle sales, TrueCar, TrueCar.com

May 15, 2012 - Industry News

Auto Sales to Hit 14.5 Million in 2012

A recent report from asset management firm Alliance Bernstein highlighted strong sectors in the U.S. economy, one of which is retail automotive sales.

Tags: Alliance Bernstein, new-vehicle sales, SAAR

April 26, 2012 - Industry News

F&I and New-Vehicle Profitability Drive Profit Gains for AutoNation

AutoNation Inc. reported increased profitability in each of its business sectors for the first quarter, with revenue up 10 percent and gross profit up 6 percent. F&I gross profit per vehicle sold was up 7.2 percent.

Tags: AutoNation, F&I products, F&I profit, new-vehicle sales

April 24, 2012 - Industry News

Calif. Market in Full Recovery, Dealer Group Says

The state's dealer group reports that new-vehicle registrations for the first quarter increased 17.7 percent vs. a year ago, and predicts that California dealers will deliver 1.5 million units this year.

Tags: California New Car Dealers Association, new-vehicle sales