After months of new-vehicle transaction prices in the United States holding above the average MSRP, prices are now trending down. That is according to data released by Kelley Blue Book, which found that the average price consumers paid dropped to …
While the Canadian used vehicle wholesale market was down -0.05% for the week ending on April 15, overall car segments were up on average by the same percentage. The data was pulled from Canadian Black Book’s latest automotive Market Insights, …
New-vehicle sales in Canada improved in both March and the full first quarter of 2023, relative to the same periods a year ago. But those improvements were marginal and they continue to disappoint, failing to signal any imminent upturn in …
Cox Automotive is forecasting that first quarter new vehicle sales volume will increase by nearly 6 per cent, year-over-year, to reach 3.5 million units. In a news release, the company said that the sales volume in March (the end of …
New cars continue to be priced well above MSRP, even as the supply chain slowly improves, and despite rising economic concerns that typically dampen consumer demand for large ticket items. A new iSeeCars study found manufacturer pricing for new cars …
Is the glass half-full or half-empty? That is the question prompted by February’s new-vehicle sales numbers in Canada. Sales of 103,771 vehicles, as estimated by DesRosiers Automotive consultants, were up by 5.1% from February of last year. Following a 7.5% …
Last month, December 2022, the average transaction price for a new vehicle in the United States reached a record high of $49,507. This represents an increase of 1.9% ($927) from November 2022, and an increase of 4.9% ($2,297) from year-earlier …
Not all the automakers have reported 2022 year-end sales yet, but we’re close enough to a final number to know that it will fall short of 1.5-million, probably somewhere very close to 1,488,600 units. DesRosiers Automotive Consultants (DAC) have estimated …
The new year is starting off on a positive note for at least one OEM. Despite significant supply chain issues impacting the auto industry in 2022, Toyota Canada Inc. (TCI) ended the year robustly, with strong December and fourth quarter …
For the first time since last January, November auto sales in Canada outpaced those of the same month a year earlier. Sales of 114,966 units, as estimated by DesRosiers Automotive Consultants (DAC), were up by 4.1% from November 2021. Could …
The most recent Cox Automotive forecast predicts that November U.S. auto sales, when confirmed later this week, are “expected to show no real surprises”, with both sales volume and pace up from November 2021 but down modestly from last month. …
New-vehicle retail sales for October 2022 are expected to increase when compared with October 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 1,008,200 units, a …
