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Paul Taylor, chief economist of the National Automobile Dealers Association (NADA), said Sunday that new-vehicle sales will reach 12.9 million units in 2011 as consumers benefit from higher trade-in equity and improving credit.
Read More →Rising consumer confidence, an aging fleet and greater access to credit are key factors that will increase consumer demand for used cars and trucks in 2011, said Jonathan Banks, executive automotive analyst for NADA Used Car Guide.
Read More →An estimated 18.6 percent of used cars sold by franchise dealers in 2010 were certified, up slightly from the 17.8 percent reported in 2009, according to sales figures released by Edmunds.com.
Read More →TrueCar.com forecasts that retail sales for the top seven manufacturers will improve in January, compared to the year-ago period.
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The new-car market in the United States experienced a gradual recovery in 2010, according JATO Dynamics, a provider of automotive intelligence.
Read More →The California New Car Dealers Association said that registrations of new cars and light trucks increased by 13.1 percent in California during 2010, compared to 2009.
Read More →The owner of a Hartford-area used-car lot has been charged with multiple felony counts after tax enforcement agents say he diverted $129,000 worth of state sales tax revenue and filed false returns to hide the crime.
Read More →Resource Automotive Inc., a provider of F&I programs and a unit of The Warranty Group Inc., has launched www.QCertified.com, a Website that showcases vehicles that have met the requirements under the company’s QCertified certification program.
Read More →Despite three automakers reporting sales gains and the world’s largest retail association predicting that December will see the biggest increase in spending since 2006, the Conference Board reported that consumer confidence dipped in the year-end month for the first time in two months.
Read More →Reflecting on 2010, Edmunds.com said the industry experienced another year of ups and downs. The automotive information site also highlighted the key trends from last year.
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