Kelley Blue Book’s Senior Managing Editor Matt DeLorenzo writes This Week in Car Buying, a weekly column on KBB.com. In this week’s news, Matt reports that Hyundai, looking to fill in a white space in the market, announced that its Santa Cruz compact pickup concept will become a reality. The company said the vehicle will go into … Continued
Luxury vehicle shopping was as robust in the third quarter as it was in the previous quarter or a year ago, driven by interest in SUVs and Tesla, according to the Q3 Kelley Blue Book Brand Watch™. Kelley Blue Book Brand Watch is a consumer perception survey that also weaves in consumer shopping behavior to … Continued
New-vehicles sales year over year remain weak and are down 1.2% year to date but are in a better position than last quarter. Fleet sales are up 4% this year, but retail sales are down 2%. The used-vehicle market, on the other hand, continues to see favorable performance.This shift in vehicle demand, away from new … Continued
Nissan Motor Co. in Japan reports earnings Tuesday, November 12, for the quarter ended September 30, its second quarter since its fiscal year ends March 31, 2020. In the U.S., one of Nissan’s largest markets, Nissan USA’s sales fell to the lowest level in the past five years for the quarter while incentives were the … Continued
Kelley Blue Book’s Senior Managing Editor Matt DeLorenzo writes This Week in Car Buying, a weekly column on KBB.com. In this week’s news, Matt reports that just in time for Veteran’s Day, Ram has launched a line of “Built to Serve Edition” Ram trucks to honor all five branches of the U.S. military. While the 2020 … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.29% month over month in October. This brought the Manheim Used Vehicle Value Index to 140.3, a 0.4% decrease from a year ago, and the first year-over-year decline for the Index in 33 months. Weekly Manheim Market Report (MMR) prices continued to exhibit … Continued
Honda Motor Co. in Japan reports earnings Friday, November 8, for the quarter ended September 30, its second quarter since its fiscal year ends March 31, 2020. In the U.S., one of Honda’s largest markets, American Honda sales rose, but so did incentives while transaction prices dropped, according to Kelley Blue Book data. American Honda … Continued
Toyota Motor Corp. reports earnings Thursday, November 7, for the quarter ended Sept. 30, 2019, its second quarter since its fiscal year ends March 31, 2020. In the U.S., one of Toyota’s largest markets, Toyota Motor sales slipped while incentives and prices rose. In the U.S., Toyota Motor sales dipped 1%, in line with the … Continued
Shopping for traditional cars slumped to new lows, while shopping for pickup trucks has soared to new highs, with the Ford F-150 being the most-shopped vehicle, according to the Kelley Blue Book Q3 Brand Watch. Kelley Blue Book Brand Watch is a consumer perception survey that also weaves in consumer shopping behavior to determine how … Continued
UPDATE, Nov. 4, 2019 – The Industry Insights team at Cox Automotive share supplementary thoughts based on additional October sales reports. From Charlie Chesbrough, senior economist, Cox Automotive October sales appear to be coming in below this year’s average selling rate of 17.0 million. The consensus range was in the 16.7-17.3 million range, and the … Continued