The auto industry’s been expecting a big sales month at some point this summer in the wake of the CDK outage that cut into new vehicle sales in mid-June. Some thought it would come in July, but inventory levels we’re quite settled. But now it appears everything’s in place for a 7% year-over-year increase. Find out more at Headlight.News.
Automakers continue growing a previously tight inventory of new vehicles. Having these vehicles on dealer lots gives consumers more choices — choices that turn into purchases eventually. New vehicle movement hit 1.2 million vehicles in May, which is a good sign. However, which automaker is building inventory, and which is selling vehicles is the key differentiator. Get details at Headlight.News.
The run on strong new vehicle sales should continue in March, according to a forecast from J.D. Power and GlobalData. New vehicle sales are expected to jump 12.1% for March and 4.5% for the first quarter. Get details at Headlight.News.
Everything seemingly costs more these days; however, consumers looking to buy a new vehicle saw the final amount they paid for a new car, truck or utility vehicle fall by 2.4% for the year. The year-over-year drop in prices came despite an uptick of 1.3% in the year’s...
Consumers actually paid more for a new vehicle in November than October, but compared to last November prices fell 1.5%. It was the third straight month prices dropped when compared to year-ago numbers. Find out why at Headlight.News.
Consumers have been concerned about the affordability of vehicles for some time now. Rising prices for new vehicles combined with a constant stream of interest rate hikes have made buying a new vehicle a more expensive proposition until recently. Find out what’s changed at Headlight.News.
The COVID pandemic and semiconductor shortage drained dealer inventories, leaving buyers scrambling to find the vehicle they wanted — even as dealers frequently tacked on thousands of dollars in markups. Now, however, inventories are rapidly getting back up to normal — though the UAW strike did cause production delays for a handful of domestic models. Better yet, you may find incentives on the model you’re looking to buy. Find out more at Headlight.News.
Months of high interest rates and higher payments slowed consumer enthusiasm for new vehicles in October, but remained strong enough for automakers to post gains. Check out what companies enjoyed the month the most at Headlight.News.
New vehicle sales were strong in September rounding out a very robust third quarter. Automakers enjoyed an 18.8% jump compared to the year-ago numbers. Get details at Headlight.News.
For what you once have paid for a “nearly new” vehicles, you now might have to settle for something 8 years old. Find out why prices are rising, and if it’s likely to change at Headlight.News.