MENU
SEARCHDealertrack data show new and used retail sales modestly gained against 2019 pre-pandemic levels in the final week of the year.
Dealertrack data show new and used retail sales modestly gained against 2019 pre-pandemic levels in the final week of the year.
The Back to Normal Index plunged with the surge in COVID cases in the week ending December 29, and the Index of Consumer Sentiment from Morning Consult also declined.
Dealertrack data show new and used retail sales modestly gained against 2019 pre-pandemic levels in the final week of the year. Even with the improving trends, new retail sales for the full month were down 33% compared to 2019, and used retail sales were down 24%.
“Retail vehicle sales gained modest momentum in December as supplies slowly improved and increasing financing offers attracted buyers,” according to Cox Automotive Chief Economist Jonathan Smoke in his first Auto Market Report video of the year published earlier today. “But the increase wasn’t enough to see the normal number of sales, especially in the new-vehicle market, that we typically see in December as supply remains very low.”
Click here to watch the Auto Market Report for an update on key economic and Cox Automotive industry indicators.
Building on a previously announced $26 billion U.S. investment, Hyundai said it will grow its North American lineup and U.S.-based production and parts sourcing.
Read More →
Sony-Honda venture cancels two planned models, the first of which had been pegged for a mid-2026 California delivery debut. The brand’s direct sales had been challenged by the state’s auto dealers, but the venture cites Honda’s EV retreat.
Read More →
Softening prices, rising credit availability and higher tax refunds could be behind February’s sales pace rise and accompanying dip in inventory, according to Cox Automotive.
Read More →
The wholesale automotive market fared remarkably well given the U.S.-Israel war on Iran, Black Book analysts reported.
Read More →
The agency sent warning letters to dozens of auto groups about what it described as illegal practices and urged them to ensure their pricing policies enable transparency with consumers.
Read More →
New-vehicle sales fell year-over-year for the fifth month in a row in February, making retail deliveries the slowest they’ve been since 2023, according to a CarGurus report.
Read More →
The automaker says its California skunk works is already finding efficiencies to lighten traditionally heavy electric vehicles for lower cost, plus extended range.
Read More →
Both vehicle values and conversion rates sped up last week as two segments outperformed in the pre-spring burst of buying.
Read More →
GM says it sells the cheapest electric vehicle in the U.S. market. It explains how it made improvements to the entry-level EV while keeping its price down.
Read More →
A Tennessee-based automotive group with deep industry history picked up the well-established Honda store, rebranding it.
Read More →
