Manheim Consulting indicated new-vehicle leasing increased by more than 10 percent year-over-year during the first quarter, marking the eighth quarter in a row the market penetration rise has been by at least that amount. During his quarterly conference call on Monday, Manheim chief economist Tom Webb explained how that development might be pointing toward another […] [Read More]

Starting with its latest Retail Automotive Summary, CNW Research is now publishing incentive spending data each quarter. And here is what the firm found when dissecting numbers from the first quarter of 2014, as explained in the report. “For the industry, the average sticker price in the first quarter was $36,948, with an average transaction […] [Read More]

With General Motors chief executive officer Mary Barra about to face Congressional hearings about the automaker’s handling of recalls, analysts from both AutoTrader.com and iSeeCars.com each conducted investigations to gauge what kind of impact these kinds of campaigns are having. First, the AutoTrader.com team wanted to see how or if the recent high profile recalls […] [Read More]

Incentive spending went up in March and will likely rise again as the spring moves forward; that much, at least, appears to be one consensus among some of the monthly forecasts making the rounds. The implication and degree of that increase is where there are moderately differing viewpoints. Starting with Cars.com, the company released an […] [Read More]

Used-car sales for March likely climbed just under 4 percent year-over-year, according to CNW Research, which also noticed that both used supply and retail prices were falling during the month. In its latest Retail Automotive Summary, CNW predicted March used-car sales of 3.12 million units when combining projected figures from franchised and independent dealers with […] [Read More]

While parts of the Northeast are digging out from one last snowstorm of the season, Manheim’s Tom Webb chose to tie together gardening and how the industry is improving. In the March Auto Industry Brief from Manheim Consulting, Webb explained many economic watchers will be looking at how warmer weather will help performance. “Now that […] [Read More]

As Capitol Hill hearings about the recalled units get closer, NADA Used Car Guide indicated wholesale prices for vehicles included in the General Motors ignition switch controversy haven’t moved much beyond industry averages. Analysts told Auto Remarketing on Wednesday that prices for the 2005 through 2007 Chevrolet Cobalt changed little based on data through March […] [Read More]

Used-vehicle sales this month are likely to be north of 3.4 million, says TrueCar.com, which released its monthly new- and used-car projections on Monday. Specifically, TrueCar is forecasting an estimated 3.437 million used sales for March with a projected new-to-used ratio of 1:2.3. The firm is calling for 1.478 million new-vehicle sales (including fleet sales) […] [Read More]

In a “promising” sign for dealers, about two-thirds of the participants in the latest dealer survey from KeyBanc Capital Markets said their used-vehicle gross profits per unit were up more than $50 year-over-year in February. Only 17 percent saw their used gross profits per unit drop more than $50 per unit, and 17 percent showed […] [Read More]

Last month, NADA Used Car Guide kicked off a two-part series on vehicle value retention in its NADA Perspective report with a close look at passenger car segments. On Friday, NADA UCG followed that up by diving into value retention for light-duty trucks and SUVs. According to its analysis, the truck segment with the strongest […] [Read More]