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February 23, 2012 - Industry News

KBB Sees Auto Sales Pacing at 13.8 Million SAAR

Kelley Blue Book said yesterday that it expects new-vehicle sales to surpass 1.05 million units this month, which means the industry would be pacing at a 13.8 million seasonally adjusted annualized rate (SAAR) — a 6.4 percent improvement from the year-ago period.

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

February 7, 2012 - Industry News

Ally: Auto Dealers Optimistic in 2012

A survey by Ally Financial revealed that nearly half the dealers polled at the 2012 National Automobile Dealers Association (NADA) Convention expect their sales to increase by 10 to 20 percent this year.

Tags: Ally Financial, NADA Convention and Expo, new-vehicle sales

January 31, 2012 - Industry News

Perception Trumps Reality for New-Car Buyers, Study Finds

J.D. Power and Associates’ 2012 Avoider Study indicated that more than 40 percent of new-vehicle buyers said they based their opinions on conventional wisdom or common knowledge rather than personal experience, reviews, ratings or recommendations.

Tags: J.D. Power and Associates, new-vehicle market, new-vehicle sales

January 26, 2012 - Industry News

KBB Predicts 10 Percent Increase in January New-Car Sales

Kelley Blue Book analysts project January new-vehicle sales to pace at a 13.2 million seasonally adjusted annualized rate, and lists the European debt crisis and heightened tensions with Iran as threats to industry sales this year.

Tags: Forecast, KBB.com, new-vehicle sales

January 10, 2012 - Industry News

High Trade-in Values to Boost New-Car Sales, Says NADA Analyst

NADA Used Car Guide analyst Jonathan Banks anticipates trade-in values to stay high throughout 2012.

Tags: NADA, NADA Used Car Guide, new-vehicle sales, trade-in value, trade-in vehicles

January 5, 2012 - Industry News

Industry Likely Ended 2011 at 12.8 Million Units

Autodata Corp. estimated that U.S. auto sales reached 12.8 million units last year, marking the best year for auto sales since 2008 if the stat holds. Big winners were General Motors, Ford and Chrysler, with GM reclaiming the top spot in world vehicle sales two years after it emerged from its U.S.-backed bankruptcy.

Tags: Audi, Autodata Solutions, BMW, Chrysler, Ford, General Motors, Honda, Hyundai, Mazda, Mercedes-Benz, monthly sales, new-vehicle sales, Nissan, Toyota, Volkswagen

January 3, 2012 - Industry News

Global Sales to Reach 77.7 Million Units in 2012, Polk Predicts

Polk said it expects worldwide new-vehicle sales in 2012 to rise 6.7 percent over 2011 volumes to 77.7 million vehicles.

Tags: new-vehicle sales, Polk

December 21, 2011 - Industry News

Edmunds.com Names Best Sellers of 2011

Edmunds.com’s review of 2011 car sales revealed that the Ford F-150 is the top-selling new vehicle of 2011, while the Honda Accord is the best-selling used car of the year.

Tags: Edmunds.com, Ford, Honda, new-vehicle sales, Nissan, used-vehicle sales

December 21, 2011 - Industry News

Japanese Tsunami Caused 6 Percent Price Increase for Some Models, ALG Says

The March 2011 Japanese disaster resulted in a nearly 6 percent jump in new-vehicle pricing for vehicles like the Honda Fit, according to ALG, a subsidiary of TrueCar Inc.

Tags: ALG, new-vehicle sales, Pricing, transaction prices

December 6, 2011 - Industry News

Mercedes-Benz, Chrysler Lead November Sales Gains

November proved to be another strong month for automakers, with light vehicle sales pacing at a 13.63 million SAAR — the highest rate this year, according to Autodata Corp.

Tags: Audi, BMW, Chrysler, Ford, General Motors, Honda, Hyundai, Mazda, Mercedes-Benz, monthly sales, new-vehicle sales, Nissan, Toyota, Volkswagen

December 6, 2011 - Industry News

Car Sales “Mini-Bubble” to Last Into Early 2012, Edmunds.com Reports

Edmunds.com estimates that the 300,000 new-car purchases the industry missed out on over the summer will be realized in the coming weeks, with the vehicle information site predicting a notable start to 2012.

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

November 17, 2011 - Industry News

New-Vehicle Sales Pacing at Three-Year High in November

A new report by J.D Power and Associates and LMC Automotive revealed that November new-vehicle retail sales are projected to come in at a SAAR of 11.3 million units — the highest monthly selling rate in three and a half years.

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

November 8, 2011 - Industry News

Internet Searches Good Indicator of Purchasing Trends, New Study Reveals

Experian Automotive's and Experian Hitwise's joint analysis of second quarter shopping and purchasing trends revealed that the gap between market share of branded searches and new-vehicle registrations has closed, indicating that searches precluded actual purchase.

Tags: Experian, Internet, internet sales, Internet Shopper, new-vehicle sales, Web traffic

November 3, 2011 - Industry News

Industry Realizes Best October Since 2007

Automakers enjoyed their best October since 2007, with U.S. auto sales rising about 8 percent from last October to 1.02 million, according to Autodata Corp.

Tags: Audi, BMW, Chrysler, Ford, General Motors, Honda, Hyundai, Mazda, Mercedes-Benz, monthly sales, new-vehicle sales, Nissan, Toyota, Vehicle Sales, Volkswagen

October 25, 2011 - Industry News

California New-Car Sales Up 9.4 Percent in 3Q

The California New Car Dealers Association announced that vehicle registrations have increased 9.4 percent vs. last year, marking the ninth consecutive quarterly increase.

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

October 25, 2011 - Industry News

J.D. Power Sees 10.5 Million-Unit Month in October

New-vehicle sales should remain stable in October and should stay above the 10 million-unit mark, predicts J.D. Power and Associates.

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

October 13, 2011 - Industry News

New Compact Models Attracting Interest, Reports AutoTrader.com

AutoTrader.com’s New Car Insights Report for September indicated that new-model entries in the compact car segment gained considerable increases in consumer interest on the site.

Tags: AutoTrader.com, Internet Shopper, new-vehicle market, new-vehicle sales, Web traffic

September 22, 2011 - Industry News

Sales Rate Picks Up in September, J.D. Power Reports

Citing recovering inventory levels and solid Labor Day Sales, J.D. Power and Associates expects September’s new-vehicle sales rate to outpace August.

Tags: J.D. Power and Associates, monthly sales, new-vehicle sales, Retail Sales

September 1, 2011 - Industry News

J.D. Power: New-Vehicle Retail Sales Pace Slows in August

J.D. Power and Associates reported that the new-vehicle sales volume deteriorated during the second half of August due to economic woes and harsh weather conditions.

Tags: economic downturn, J.D. Power and Associates, new-vehicle sales, SAAR

August 25, 2011 - Industry News

Product Rules, Incentives Don’t, Says TrueCar

TrueCar.com forecasts that August 2011 sales will increase eight percent compared to last year despite a year-over-year drop in incentives.

Tags: incentives, manufacturer incentives, new-vehicle sales, TrueCar

August 18, 2011 - Industry News

Sales Pace Slowing in August, Reports J.D. Power

New-vehicle sales continue to increase, but they are doing so at a slower pace. Volume remains flat, and manufacturers continue to be conservative with incentives, according to J.D. Power and Associates.

Tags: economic downturn, J.D. Power and Associates, new-vehicle sales

August 16, 2011 - Industry News

Falling Demand Forcing Manufacturers to Respond, CNW Reports

The downgrade of U.S. debt and the 400-point swings of the Dow Jones Industrial Average last week didn’t sit well with consumers, according to CNW’s preliminary data for August. The good news is automakers are responding by boosting incentive spending. But will it be enough?

Tags: CNW, new-vehicle sales, new-vehicle values, Standard and Poor's, used vehicles, used-vehicle values

August 4, 2011 - Industry News

July Sales Better, Not Great

The March 11 earthquake in Japan continued to impact Japanese automakers, with Toyota and Honda reporting notable decreases in July sales. Detroit automakers fared better, with Chrysler experiencing its best July in four years.

Tags: Audi, BMW, Chevrolet, Chrysler, Dodge, Ford, General Motors, GMC, Honda, Hyundai, Infiniti, Lexus, Mazda, Mercedes-Benz, monthly sales, new-vehicle sales, Nissan, Retail Sales, sales, Toyota, Volkswagen

August 2, 2011 - Industry News

TrueCar.com Forecasts Lower New, Used Sales Despite Incentives Boost

Despite incentives picking up in July, TrueCar.com expects new- and used-vehicle sales to be down 0.9 percent and 1.8 percent, respectively.

Tags: incentives, manufacturer incentives, new-vehicle sales, TrueCar, used vehicles

July 26, 2011 - Industry News

J.D. Power: New-Vehicle Sales Up for July

J.D. Power and Associates anticipates an uptick in new-vehicle sales for July, but the retail selling rate for the year continues to face pressure from notably low but improving inventory levels and flat incentive levels.

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