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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

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