Industry Proves Resilient During Government Shutdown
The government just experienced a more than two-week hiatus, but the auto industry could be on track to actually top September sales this month.
The government just experienced a more than two-week hiatus, but the auto industry could be on track to actually top September sales this month.
The kbb.com redesign includes a pricing range for each vehicle make and model, as well as dealership microsites. Officials say customers are more likely to pay at or above fair purchase price for a vehicle once they view the Kelley Blue Book fair price range.
The seasonally adjusted annual rate is at 15.7 million units, while September is expected to decline 1.8 percent to a total of 1.17 million units, KBB reports.
New-vehicle sales are expected to improve 13.6 percent in August 2013 to a total of 1.46 million units, Kelley Blue Book reports.
Kelley Blue Book reports men are more likely to consider Lincoln, while women prefer Volvo.
The estimated average transaction price for light vehicles in the United States was $31,663 in June 2013, up $370 from May and up $269 from a year ago.
If Kelley Blue Book’s prediction holds true, the automotive retail industry will realize its greatest year-to-date gain and its highest SAAR reading since Nov. 2012.
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.
The vehicle information site said a 1 percent uptick in auction sales volume last year could signal the end of the used-vehicle shortage.
Based on analysis and data from two automotive research and shopping websites, the impact of Superstorm Sandy on the automotive market may be less than previously believed.
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