Sales of certified pre-owned sales are off to a slow start in 2019. Sales are down 1 percent year-to-date compared to the same time last year, according to Cox Automotive. Much of the weakness has been driven by a sluggish…
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…
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…
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.…
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…
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…
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…
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…
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…
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…
