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February 22, 2017 - Industry News

automotiveMastermind Names New Dealer Relations Head

The digital marketing firm today announced the promotion of Napolean Rumteen to vice president of dealer relations, a new role created to increase the firm’s level of service to its dealer and OEM partners.

Tags: automotiveMastermind, business development center, digital marketing, internet department, Vehicle Sales

February 21, 2017 - Industry News

IHS Markit: Global Auto Sales to Reach 93.5 Million in 2017

The market research firm noted that industry risk in mature markets is at the highest level it has been since the Lehman Brothers collapse and global industry downturn from 2008 through 2010.

Tags: IHS Markit, Vehicle Sales

January 25, 2017 - Industry News

ChannelNet Transforms Hyundai Capital’s Dealer Portal Into Real-Time Sales Tool

Launched in 2016, the portal acts as a cross-channel, integrated platform that applies ‘customer-centric principles’ to the dealer staff experience, officials said. Usage is role based, personalized and mobile friendly.

Tags: captive finance, ChannelNet, Digital Retailing, Hyundai Capital, salesperson, Showroom, Vehicle Sales

January 12, 2017 - Industry News

Autodata: December Sales Push 2016 New-Vehicle Sales Above 17.5 Million

The 3.1% year-over-year increase in new-vehicle sales in December was more than enough to push the industry’s annual sales tally above the 17.5 million-unit mark for 2016, according to Autodata Corp.

Tags: Audi, BMW, Chrysler, December, Ford, GM, Honda, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Porsche, SAAR, Toyota, Vehicle Sales, Volkswagen

January 9, 2017 - Industry News

DealerDoc Offers Out-of-State Titling and Registration Solution

The solution provides correct taxes and fees for an out-of-state sale in seconds, according to the company, allowing users to prepopulate and print all state-required documents along with a detailed checklist for specific requirements in every jurisdiction.

Tags: Electronic Registration, Titling, Vehicle Sales

January 4, 2017 - Industry News

KBB: Average Transaction Price Climbs to Record High in December

The estimated average transaction price for light vehicles in the United States reached an all-time record high of $35,309 in December, according to Kelley Blue Book. This increase, the firm noted, amounted to a 1.5% increase over the same time last year.

Tags: Fiat Chrysler, Ford, Kelley Blue Book, Nissan, Transaction Prices, Vehicle Sales

December 28, 2016 - Industry News

Edmunds Releases List of 'Most Researched' Vehicles

The list demonstrates that it will take a major shift in consumer preferences to unseat passenger cars from best-seller lists. Through the first 11 months of 2016, the share of passenger cars has dropped 10%, while the popularity of SUVs and light trucks continues to soar.

Tags: Edmunds.com, Online Marketplace, Vehicle Sales

December 22, 2016 - Industry News

Edmunds: New-Vehicle Sales Record in Reach

Edmunds.com believes the industry will sell 1,629,011 new cars and trucks in December. If realized, the prediction puts the industry on pace to break last year's sales record. But the firm says it'll be a photo finish.

Tags: 2017, Edmunds, SAAR, Vehicle Sales

December 6, 2016 - Industry News

New-Vehicle Sales Rise 3.7% in November, Autodata Reports

The industry sold 1.38 million new units in November, a 3.7% increase from a year ago, according to Autodata Corp. November's seasonally adjusted annual rate was 17.87 million, which was slightly lower than last November’s SAAR of 18.25 million.

Tags: Audi, BMW, Chrysler, Ford, GM, Honda, Hyundai, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Novemer, Porsche, Toyota, Vehicle Sales, Volkswagen

June 16, 2016 - Industry News

Independent Dealers Bearish on Market, Customer Traffic, Survey Shows

According to the latest NIADA Business Confidence survey, dealer outlook for Q3 retail sales growth was less optimistic than growth expectations for the second quarter, although there was an uptick in the number of respondents who thought sales would remain the same.

Tags: Equifax, Industry Sales, NIADA, Used Vehicles, Vehicle Sales

June 7, 2016 - Industry News

May Sales Fall 6% From a Year Ago, Autodata Reports

May brought with it two fewer selling days and year-over-year sales declines for most manufacturers. Only four manufacturers — FCA, Hyundai, Kia and Volvo — performed better last month than the same period last year.

Tags: 2016, Autodata Corp, May, Vehicle Sales

April 27, 2016 - Industry News

Demand for Alternative Fuel Vehicles Dwindling

The percentage of alternative-fuel vehicles in the overall automotive market has dwindled over the last three years, the NADA Used Car Guide said this week. Hybrids continue to make up the majority of the alternative fuel market, but data does show consumers are beginning to shift toward electric vehicles in greater numbers.

Tags: Alternative Fuel, Electric Vehicle, Hybrid, Report, Vehicle Sales

February 18, 2016 - Industry News

Used-Vehicle Sales Drop 4% in January, NADA Used Car Guide Reports

The NADA Used Car Guide's used-vehicle price index slipped 0.3% in January, with sales volume coming in 4% lower than the same period last year.

Tags: NADA, National Automobile Dealers Association, Used Vehicles, Vehicle Sales

February 18, 2016 - Industry News

Serra Chevrolet Bartlett Becomes a MOTOR TREND Certified Dealer

The dealership becomes the exclusive MOTOR TREND Certified Dealer in Memphis, Tenn. The operation was selected because of its history of excellent customer reviews and outstanding service, official said.

Tags: Certified Pre-Owned, Pre-Owned, Vehicle Sales

February 11, 2016 - Industry News

Asbury: ‘Favorable Lending Environment” Spurs 9% Gain in Q4 F&I Revenue

Asbury Automotive Group reported this week that it’s F&I operations realized a $55 per-copy increase in the fourth quarter, with the group averaging $1,426 in gross profit per vehicle retailed during the end-of-year quarter.

Tags: Asbury Automotive, Fourth Quarter, PVR, Quarterly Earnings, Vehicle Sales

December 16, 2015 - Industry News

Industry Analysts Discuss Rate Hike's Impact on Vehicle Sales

Photo courtesy of Federal Reserve Flickr. 

The Federal Reserve voted unanimously today to increase its target funds rate by a modest quarter point. One market research firm believes that could cut into sales by 150,000 units.

Tags: Cox Automotive, Federal Reserve, interest rates, JD Power, Kelley Blue Book, new-vehicle sales, Vehicle Sales

November 12, 2015 - Industry News

Embracing Tech Results in Higher Customer Satisfaction, J.D. Power Finds

In its 29th year, J.D. Power’s U.S. Sales Satisfaction Index Study showed that the use of technology tools like tablets and computer displays resulted in higher customer satisfaction.

Tags: Digital Age, F&I manager, Internet customer, internet sales, J.D. Power and Associates, tablet menu, Vehicle Sales, virtual F&I office

September 17, 2015 - Industry News

Ford Syndicating Dealer Inventory to CarGurus.com

Ford is now syndicating its dealers’ new-vehicle inventory to CarGurus.com, a vehicle-shopping site that has drawn criticism for the way it rates dealers and their deals.

Tags: CarGurus, Ford, FordDirect, Internet Leads, Lead Generation, Online Marketing, Vehicle Sales

May 5, 2015 - Industry News

NADA: April Auto Sales Continue to Lead Economic Growth

Despite the average retail transaction price rising more than 3%, the NADA’s chief economist believes that future auto sales will continue to be backed by strong economic tailwinds.

Tags: Forecast, NADA, National Automobile Dealers Association, Vehicle Sales

February 3, 2015 - Industry News

IHS Forecasts 88.6 Million Global Light-Vehicle Sales in 2015

IHS Automotive is predicting an increase of 2.4% in global automotive sales in 2015, continuing an unbroken five-year run of growth and sales recovery from the Great Recession.

Tags: IHS Automotive, Vehicle Sales

September 25, 2014 - Industry News

September Sales to Maintain Healthy Growth in 2014, Edmunds Predicts

Projected September sales would be an 11% increase from the previous year, with Edmunds predicting that about 1.26 million new cars and trucks will be sold during the month.

Tags: Edmunds.com, SAAR, Vehicle Sales

August 26, 2014 - Industry News

U.S. Sales Per Store to Reach All-Time High, Urban Science Reports

The average number of sales per dealership in the United States is on track to hit an all-time record of 904 units based on vehicle sales of 16.2 million, according to a new report from Urban Science.

Tags: Report, Urban Science, Vehicle Sales

July 1, 2014 - Industry News

J.D. Power: Transaction Prices Reach Record High

Transaction prices for the first six months of 2014 averaged a record $29,630. Consumer expenditures on new vehicles also reached a record high of $194 billion during the period.

Tags: J.D. Power and Associates, LMC Automotive, Transaction Prices, Vehicle Sales

June 24, 2014 - Industry News

Dealership Buy/Sell Activity Jumps 60% in Q1

The Kerrigan Quarterly Blue Sky Report also finds that blue sky pricing remains high for most franchises, with the market having established a pricing floor.

Tags: BMW, First Quarter, Honda, Lexus, Mercedes-Benz, Porsche, Report, Toyota, Vehicle Sales

April 8, 2014 - Industry News

Industry Records 1.4% Sales Increase in March

The spring thaw helped new-vehicle sales rebound in March, with the seasonally adjusted annual rate rising from last March’s 15.3 million rate to 16.4 million.

Tags: BMW Group, Chrysler Group LLC, Ford, General Motors, Honda, Hyundai, March, Mazda, Mercedes-Benz, Mitsubishi, Nissan, SAAR, Toyota, Vehicle Sales, Volkswagen

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