The growth trend in new daily COVID-19 cases continued last week, but the pace of growth is slowing. Consumer sentiment declined again in August. Consumer spending slowed while inflation rose to its highest level in more than 30 years. The…
It wasn’t that long ago when shoppers were overwhelmed with advertisements for incredible deals and offers on new cars: loyalty cash, conquest cash, retail cash, holiday bonus cash, dealer cash, lease cash … cash, cash, cash and more cash! Car…
Tesla again dominated for the most-shopped EVs, though it is starting to see some competition from newcomers, while Toyota and Honda led for most-shopped hybrids, according to the Q2 2021 Kelley Blue Book Brand Watch™ report. The report is a…
UPDATED Sept. 1, 2021 – With new-inventory extremely tight for most brands across the country, a slowdown in sales compared to July was widely expected. Initial reports indicate that tight inventory is now negatively impacting sales at nearly all brands.…
BMW had a stellar second quarter in shopping consideration that also translated into sales, according to the Kelley Blue Book Brand Watch™ report for Q2 2021. Audi and Porsche gained traction. Tesla waned in some areas, though the Model 3…
The trend in new daily COVID-19 cases increased again last week, but the pace of increase slowed. Retail sales slowed, though spending remained relatively strong. Consumer sentiment declined again. Jobless claims fell. meanwhile, used-vehicle prices edged up again. Retail sales…
The average listing price for used vehicles set another record in July as vehicle inventory remained tight, according to the Cox Automotive analysis of vAuto Available Inventory data. The days’ supply of vehicles inched higher, but only because sales slowed.…
The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable…
The average transaction price (ATP) for a new automobile in July 2021 hit a new record high in the United States at $42,736, according to the analysts at Kelley Blue Book. Transaction prices were up $3,223 (8.2%) from July 2020…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.8% in the first 15 days of August compared to the month of July. This brought the Manheim Used Vehicle Value Index to 193.7, a 18.3% increase…
