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New-car sales slide YOY in June, pace to slow through yearend

New-vehicle sales clocked in at 1,513,574 for June, a 2.6% decline year over year. While the strength of the economy has withstood industry headwinds, including higher interest rates and rising vehicle costs, Edmunds analyst Jeremy Acevedo predicted that new-car sales will “settle into a slower sales pace as we head into the rest of 2019.” […]

Used-Vehicle Sales Increase Offsets New-Car Volume Decline

Used-vehicle sales picked up the slack as new-car volume slipped in April, according to fresh data from Cox Automotive. Used-vehicle sales volume increased 3% year over year, while new-vehicle sales fell 1.7%, even with one more selling day than April 2018, according to Cox Automotive’s monthly Manheim Used Vehicle Value Index report. The April SAAR […]

Fleet Sales to Hit Skids in 2019

While fleet sales grew 7% in 2018, volume will likely remain flat this year, a new Cox Automotive report shows.  "Will fleet sales increase again in 2019? We don’t believe so," Cox wrote in the report. Fleet sales totaled 2.7 million units last year. Commercial fleet volume, up 9% to 743,000 units, was a primary driver […]

Fleet, SUV Sales Buoy November SAAR

November’s seasonally adjusted annual rate of light vehicle sales climbed 1.2% year-over-year, to 17.5 million units, and that benefitted car manufacturers heavy with sport-utility vehicles in their product lineup. “The car-to-SUV ratio, on the monthly sales, were about 70% light trucks, SUVs, van, and pickups, and only 30% cars,” Edmunds Data Strategy Manager Jeremy Acevedo told […]

Interest Rates Will Weigh Down Auto Sector Despite Strong Consumer Sentiment [VIDEO]

Comerica Bank’s Chief Economist and SVP Robert Dye expects that the U.S. economy could be headed for a “fiscal cliff” next year. Despite a somewhat confident consumer segment, the weight of interest rates on the auto industry will soon take effect. When it comes to consumers, “It is the best of times and the worst […]

Early Evidence of a Down June

Reports are coming in today that suggest June will be a down month for car sales in the United States. According to estimates, the SAAR for the month could be 2.3% to 3.6% lower. Here’s an excerpt from the LMC Automotive/J.D. Power forecast via Seeking Alpha: The LMC Automotive/J.D. Power forecast is for a 2.3% […]

Is That the Smell of Compounding Risk?

If you only looked at GM Financial’s origination volume last week, you would think auto finance was continuing on its boom-time ways. GMF grew its North American originations 19% last quarter to around $11 billion, according to company earnings released last Friday. Sing Hallelujah! Well, don’t lose your voice yet. There is a wellspring of heightening […]

Vehicle Sales Expected to Drop After Breaking Record in 2016

Automakers sold 17.55 million vehicles in 2016, marking the second consecutive year of record sales, however, this pattern has  “hit a peak,” Anil Goyal, senior vice president of operations at Black Book, told Auto Finance News. A combination of declining used-vehicle values and tightening subprime credit will constrict sales growth in the new year, he […]
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