A recent forecast from Cox Automotive indicates that May new vehicle sales in the United States should be an improvement from a year ago, thanks to increased inventory levels resulting in more appealing incentives. However, the company also noted that …
April retail sales in the United States were flat this time around, as automotive underperformed the rest of the market. That is according to Cox Automotive’s Auto Market Weekly Summary, which is provided by the company’s Chief Economist Jonathan Smoke. …
DesRosiers Automotive Consultants has raised a flag in noting that the Canadian new light vehicle market started to show early signs of concern. They said the luxury market is in negative territory, year-to-date, and that there is notable variance appearing …
Dealers in Canada may remember that April 2023 was the weakest month of that year from an automotive sales standpoint, suffering a lacklustre SAAR of 1.48 million units. This year the story is different. New light vehicle sales have increased …
The state of April new vehicle sales in the United States has accelerated as available inventory and higher incentives keep the market going, although it remains below Cox Automotive’s forecast — even with strong sales performance by Toyota and Lexus. …
The latest update from DesRosiers Automotive Consultants concerning provincial new light vehicle sales reveals that the Atlantic provinces enjoyed significant spotlight success in March 2024. Compared to a national average, sales were up 9.2% for the month — with Prince …
March new vehicle average transaction prices in the United States slipped 1% from February and were also lower year-over-year by 2.7%, according to Kelley Blue Book. When calculating the average from December 2022, a peak period, prices are now down …
Last year sales per dealership franchise rose to the highest level since the start of the pandemic, according to DesRosiers Automotive Consultants. In a recent update, DAC described the 2023 new light vehicle market in Canada as having experienced consistent …
February was an important month for the Canadian new light vehicle sales market, which saw Ontario lead the way thanks to an estimated 35.3% increase in sales compared to the same period last year, according to DesRosiers Automotive Consultants (DAC). …
Of note this week: the Canadian used wholesale market experienced a decline in prices of -0.26% for the week ending on March 16, which is lower than the prior week’s -0.31% and slightly closer to that 2017-2019 average of -0.13% …
Loans represented 53% of total transactions for new vehicles over the past 12 months, while cash was 26% and 21% were leases, according to J.D. Power’s Canada Automotive Market Metrics for February 2024. The report, recently released, shows that loans …
Dealers may be interested to learn that all Canadian provinces saw significant growth in new light vehicle sales last month, according to DesRosiers Automotive Consultant’s latest update on the market. “The provinces all saw a strong start to the year …
