With one additional selling day, October sales are on track to reach 1.22 million units, KBB reported last week. And barring any economic setbacks, the vehicle information site expects sales to reach 15.6 million units this year.
Ally Financial has named the nominees for this year’s TIME Dealer of the Year. The winner will be announced during January's NADA Convention & Expo in New Orleans.
Dealertrack updated its 2013 guidance to reflect strong second quarter performance and 26 percent year-over-year revenue growth.
Used-car sales are down for the first half of the year, but not within the franchise and CPO segments, Edmunds.com reveals.
DealerELITE includes Digital Air Strike in its Top 10 list of Most Interesting and Innovative Auto Companies of 2013.
The automotive retail market is expected to close out the first half on a positive note, and the two market research firms believe the momentum should carry through the summer.
The vehicle information site’s list has the Hyundai Veloster at No. 1. Rounding out the Top 3 vehicles listed were the Ford Focus and Kia Soul.
J.D. Power and LMC Automotive expect May retail sales to exceed 1 million units for the third consecutive month.
Domestic automakers continue to benefit from a strong market for pickup trucks. The firm also expects big gains for Nissan.
Compared to March, April’s subprime loan approval rates fell by nearly 4 percent, according to CNW Research. The firm’s monthly automotive retail summary, however, shows a year-over-year increase in subprime approvals.
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