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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

July 25, 2011 - Industry News

Production Shortages Stall New-Car Sales in California

Second quarter sales slowed due to production shortages from the Japanese earthquake and the anticipated lowering of the state sales tax rate on July 1, according to a California New Car Dealers Association.

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

July 7, 2011 - Industry News

Dealix to Power New-Car Leads for NADAguides

Dealix will be the exclusive provider of the new-car quote and dealer selector platform for NADAguides.com.

Tags: Dealix, Internet, Internet Shopper, NADA, NADAguides, new-vehicle sales, price quotes

June 14, 2011 - Industry News

NADA Economist: New-Car Sales to Rise in July as Gas Prices Drop

NADA economist Paul Taylor anticipates an increase in new-vehicle sales as inventory levels rise and gas prices drop through the beginning of July.

Tags: Gas Prices, NADA, new-vehicle sales, Paul Taylor

April 28, 2011 - Industry News

Lithia Motors Posts $9.1 Million in 1Q Income

Lithia Motors Inc. reported on Wednesday adjusted first quarter 2011 net income from continuing operations of $9.1 million, up from $2.3 million in the year-ago period.

Tags: F&I income, Lithia Motors, new-vehicle sales, used vehicles

April 28, 2011 - Industry News

Group 1 Posts 49 Percent Increase in 1Q Profits

Group 1 Automotive Inc.'s adjusted net income increased 48.5 percent to $15.5 million for the quarter ended March 31.

Tags: F&I income, Group 1 Automotive, new-vehicle sales, used vehicles

April 26, 2011 - Industry News

AutoNation Realizes Double-Digit Growth in 1Q

AutoNation Inc. today reported 2011 first quarter net income from continuing operations of $70 million, an increase compared to net income from continuing operations of $59 million for the year-ago period.

Tags: AutoNation, new-vehicle sales, parts and service

April 19, 2011 - Industry News

California New-Car Sales Continue Recovery in 1Q

The California New Car Dealers Association (CNCDA) announced that new retail vehicle registrations increased 28.6 percent in California during the first quarter of 2011, compared with the first quarter of 2010.

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

April 18, 2011 - Industry News

Study Reveals Top 10 Reasons Car Shoppers Leave Dealerships

CAR-Research XRM, a CRM solution provider, released on Monday findings from its study of the top 10 reasons why car buyers leave a dealership without buying.

Tags: Customer Retention, new-vehicle sales