January is off to a solid start, with new-vehicle floor traffic up more than 12 percent, reported CNW Research.
Total used sales for December were up almost 12 percent, while sales for the year were up 5.2 percent, CNW Research reported today.
Based on the first two weeks, December is shaping up to be a strong month for the industry, reported CNW Research.
October kicked off to a strong start after the new-car industry broke out of its summer funk in the second half of September, according to the Bandon, Ore.-based CNW Research.
CNW Research suggests that the industry might be on track to realize a 5 percent year-over-year increase in retail sales. Despite the increase, the market research firm believes retail sales will fall short of the 1 million-unit mark for the fourth straight month.
The downgrade of U.S. debt and the 400-point swings of the Dow Jones Industrial Average last week didn’t sit well with consumers, according to CNW’s preliminary data for August. The good news is automakers are responding by boosting incentive spending. But will it be enough?
Car buyers are responding to an apparent pick-up in incentive spending by manufacturers, reports CNW.
Consumers were back on the sidelines for the first 15 days of July, according to CNW Research, as car buyers continued to wait for the expected increase in incentives after the summer months.
Several indicators in the opening days of May point to a dimming outlook for new-vehicle sales, CNW reported in the May edition of its Retail Automotive Summary.
Despite a slew of market challenges, the automotive retail market continues to motor along. In the driver’s seat is an improving auto finance market, CNW stated in its April Retail Automotive Summary.
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