The year of wild cards continued last week, with the chaos and long delay for results in the first presidential election primary in Iowa. One wild card was taken off the table when the impeachment trial ended with an acquittal for President Trump on both charges. The coronavirus is still spreading, but the stock market has been … 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
UPDATED, Feb. 14, 2020 – Honda reported a decline in quarterly operating profit due to falling sales, higher research and development costs and fluctuating foreign exchange rates. Despite the downturn for the quarter, Honda raised its profit forecast for the full fiscal year, which ends March 31, though it expects lower global sales. _________________________________________________________________________ Honda … 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
UPDATED, Feb. 14, 2020 – Fiat Chrysler reported respectable earnings, making $2.3 billion in Q4 and $7.4 billion for the year. _________________________________________________________________________ Fiat Chrysler Automobiles reports its financial results on Thursday, Feb. 6, while the automaker works on a merger with France’s PSA, which should be completed by about this time next year. In the … Continued
UPDATED, Feb. 14, 2020 – Toyota reported a solid quarter. Its overall operating profit and revenues slipped, but its operating profit in North America increased fivefold. Toyota raised its outlook for the fiscal year that closes at the end of March. _________________________________________________________________________ Toyota Motor Corp. reports earnings on Thursday, Feb. 6, for the quarter ended … Continued
January auto sales were pretty much a mixed bag, as forecast, with sales coming in at approximately 1.1 million units, putting the seasonally adjusted annual rate (SAAR) near 16.7 million units. January sales typically suffer from a bit of a hangover after the crazy, aggressive year-end-holiday sell down. When sales slow, incentives often get more … Continued
UPDATED, Feb. 14, 2020 – General Motors reported a fourth quarter loss due to a $2.6 billion hit from a six-week strike by the UAW. For the year, GM made $6.7 billion in 2019. Its 2020 outlook is for flat profits. _________________________________________________________________________ General Motors’ fourth-quarter financial results, which will be announced before the stock market … Continued
