While fewer automakers are reporting monthly sales numbers, the team at Cox Automotive has been tracking results as they can. Our take: November was another solid month of auto sales in the U.S. There were plenty of incentives in play and solid inventory at dealerships. According to our Kelley Blue Book team, average transaction prices … Continued
I regularly speak to consignors about the importance of using technology and data to make faster, smarter decisions. We know that every day is sale day now that nearly half of all wholesale vehicles are purchased through a digital channel. To address this reality, my team at Manheim developed M LOGIC™, a suite of decisioning products … Continued
UPDATE, Nov. 22, 2019 – With the unveiling of the Tesla Cybertruck, the analysts and editors at Kelley Blue Book and Autotrader provided some initial comments based on what they saw, either live or through the webcast. From Karl Brauer, executive publisher from Kelley Blue Book and Autotrader: The looks are polarizing, but the performance and … Continued
Auto manufacturers are cranking up incentive programs for the year-end close-out. The advertised offers look very compelling, but the level of conditions to qualify for the most attractive mix of programs could not be any more complex. In other words, the process of shopping, comparing, and selecting a vehicle is more confusing than ever. Making … 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
