Unlike the used market, the new-vehicle market showed no signs of improvement in February over January. New-vehicle retail sales were down 4 percent in February, leading to a retail SAAR of 13.0 million, down from 13.5 million last February. February new-vehicle total sales were down 2.4 percent year-over-year, with the same number of selling days compared to … Continued
What is it: The 2020 Kia Telluride, on sale this spring, is an all-new model. The largest sport-utility in the Kia line with seating for seven or eight passengers, it slots just above the Kia Sorento, upon which it is based. Its cousin is the Hyundai Palisade. The tech-laden Telluride competes against midsize, three-row models, … Continued
Kelley Blue Book Brand Watch™ is a consumer perception survey that also weaves in consumer shopping behavior to determine how a brand or model stacks up with its segment competitors on a dozen factors key to a consumer’s buying decision. Kelley Blue Book produces quarterly Brand Watch reports for non-luxury and luxury brands. Non-Luxury Consideration … Continued
As expected, U.S. new-vehicle sales in total were down in January compared with a year ago, but they came in a tad higher than many had forecasted. They likely got a bump for more-than-anticipated fleet sales, notably sales to daily rental car companies. Total fleet sales rose 10 percent in January, led by a 16-percent … Continued
Car shopping traffic was up overall in Q4 on Autotrader, with more than half of mainstream car, truck, and SUV segments posting double-digit growth compared to the prior quarter. Four luxury segments – the three SUV segments and luxury’s full-size car segment – experienced the largest percentage growth in traffic among the 17 segments, contributing … Continued
Certified pre-owned (CPO) sales reached a new record high in 2018 at 2.7 million units in the U.S. (up 2.1 percent versus 2017), matching the January 2018 forecast from Cox Automotive economists. This new high represents the eighth straight year of record CPO sales. Year-over-year CPO sales in December were up 1.3 percent. Major brands … Continued
Fleet sales finished 2018 up 7 percent versus 2017. The strongest-gaining fleet channel was commercial, which increased 8.8 percent in 2018 versus the prior year. Corporate tax reform had a positive effect on fleet sales in 2018. With more money to spend, some companies moved to update their fleets. Commercial fleet sales were strong throughout … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.32 percent month-over-month in November. This brought the Manheim Used Vehicle Value Index to 139.0, a 3.3 percent increase from a year ago. The Manheim Used Vehicle Value Index (MUVVI) is updated monthly using data from Manheim, North America’s largest wholesale used-vehicle … Continued
Share of car sales in the new-vehicle market came in at 28.8 percent in November – the lowest monthly level in U.S. automotive history. The previous low was set in August 2018 at 29.7 percent. “The market continues to abandon cars, with no end in sight,” said Karl Brauer, executive publisher, Autotrader and Kelley … Continued
Average transaction prices for new vehicles are up with light trucks seeing the strongest growth. New-vehicle prices increased by $769 (up 2.1 percent) from November 2017, while remaining flat (down 0.1 percent) from last month. “There were mixed average transaction price results among automakers in November 2018, even though the industry average did rise 2 … Continued
