Despite record incentive spending, the auto industry is on pace to record its weakest first-half sales performance since 2014, according to the two firms. Days to turn remained at 70 through June 18, the highest level since July 2009.
Ford is launching the Commercial Vehicle Center dealer program to replace the Business Preferred Network. According to officials, the new program offers improved service, better parts availability and a new loyalty program.
After a record December capped off a record year for new-vehicle sales, January appears to be enduring a hangover effect, the vehicle information site said. It expects sales to decline 3% from a year ago to 1.13 million units.
The vehicle information site expects new-vehicle sales to total 1.15 million units in January, a 31.5% decrease from December and a 0.7% decrease from January 2016.
The vehicle information site said this week that April sales are on pace to eclipse the April 2005 sales record of more than 1.5 million units. It also believes the industry is on pace to shatter last year’s 17.5 million-unit sales record.
The two firms expect January total light-vehicle sales to total 1.1 million units, while the January SAAR is expected to have reached 16.8 million units. LMC Automotive said its sales forecast for 2016 remains at 17.8 million units.
John Felice, who served as director of Ford's fleet sales unit, has joined the global automotive professional services and technology company as a senior partner.
The vehicle information site said this week it expects new-vehicle sales to total 1.43 million units in October, the highest October sales volume in more than a decade.
CNW believes more consumers, including Millennials, are ready to ditch their post-recession funk, which the firm believes bodes well for 2014 vehicle sales.
Under the new program, dealers will receive a referral fee for each LoJack Fleet Management subscription a customer purchases.
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