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 consumer perception survey that also weaves in consumer shopping behavior to determine how a brand … Continued
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. A few will ultimately squeeze out small year-over-year gains – Acura, Mazda – but a … Continued
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 remained the most-shopped luxury vehicle. The Kelley Blue Book Brand Watch report is a consumer … Continued
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 slowed: Retail sales declined more than expected from June to July, but upward revisions to … Continued
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. 2.40M Total UnsoldUsed Vehiclesend of July 41 Days’ Supply $25,498 Average Listing Price 68,455 Average … Continued
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 insights. Download this week’s presentation.
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 and increased $402 (0.9%) from June 2021. New-vehicle transaction prices have increased – and set … Continued
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 from August 2020. Manheim Market Report (MMR) prices saw mixed trends in the first two … Continued
Inventory-constrained Toyota held on to the top spot for shopping consideration, but Ford narrowed the gap in the second quarter despite its own supply challenges, according to the Q2 2021 Kelley Blue Book Brand Watch™ report for non-luxury brands. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in … Continued
With market dynamics leading to record prices and a nine-year low in incentives, new-vehicle affordability declined this spring and has hit record lows in each of the last two months. Without improving incomes and favorable interest rates, the decline in affordability would have been even worse July. The number of median weeks of income needed … Continued
