North of Detroit today at General Motors’ sprawling product development center, top officials are holding a deep dive into their future electric vehicle (EV) plans. Media and analysts alike have been invited, and cell phones, cameras and recording equipment are all prohibited. They’re talking about advanced new battery technology – calling it a breakthrough – … Continued
After incentive program volume records last month, the OEM volume in February dropped back down to average levels and below both 2018 and 2019 levels. After a year of strong incentives, we will likely see a reduction of guaranteed money and more conditional (consumer qualified offers) in CY2020. Dealer inventory levels appear to be at acceptable levels, which is cause for many automakers to … Continued
Sales of certified pre-owned (CPO) vehicles increased 8% year over year in January, starting the year off with the highest CPO sales for January in a decade. For the month, 215,959 CPO units were sold according to an analysis of Motor Intelligence data, down 8% month over month compared to December, which is typically a … Continued
Big games are all about winners and losers. In the case of automotive companies presenting new national ads during Super Bowl LIV on Sunday, data shows that all participants had reason to celebrate. For automakers that ran ads during the game, Dealer.com-run websites saw a dramatic lift in search traffic, with total visits increasing by … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.39% month over month in January. This brought the Manheim Used Vehicle Value Index to 141.6, a 4.6% increase from a year ago, setting a record high for the Index. Following a normalizing trend in weekly Manheim Market Report (MMR) prices at the … Continued
Average transaction prices (ATPs) in January started off 2020 much like they ended 2019: rising. The market saw a 3.5% year-over-year gain in January, to nearly $38,000. The gain was driven mostly by a heavier truck/SUV sales mix, as car share fell to 25% in January, down from 30% in January 2019. Both trucks and … Continued
Fleet drove the strength in the new-vehicle market for 2019 whereas 2020 is expected to be more moderate. Combined rental, commercial and government purchases of new vehicles were down 5.3% year over year in January. Total fleet volume in January was 205,926, down from 217,500 in January 2019. Commercial vehicle sales were up 3.7% year … Continued
Tesla will confirm Q4 2019 financial results later today, and we can certainly expect a lot of attention on the numbers and what Elon Musk has to say. After announcing a surprise Q3 profit, Tesla has been on a charge of late, debuting new product – Cybertruck! – and making progress toward overseas production in … Continued
December 2019 auto sales came in relatively strong and ahead of many forecasts – a fitting end to a decade that delivered mostly good news for the auto industry. Honestly, though, in the past decade, the only direction possible was up. In 2010, the auto industry was in shambles. The economy had tanked, loans were … Continued
Certified pre-owned (CPO) sales volume set another record in 2019 – marking the ninth consecutive year of record-breaking sales. CPO sales reached 2.80 million vehicles in 2019, up 4% from 2018, exceeding the Cox Automotive forecast of 2.75 million. 2019 was the last big year of growth in off-lease units as we reached a total … Continued
