The average price paid for a new vehicle in the United States in September 2022 was down from August’s record but remains solidly above the $48,000 mark, according to new data released today by Kelley Blue Book. The new-vehicle average …
Sometimes a smaller negative can be as welcome as a positive, encouraging hope that the situation just might be improving. Such is the case with new-vehicle sales in Canada in September. September sales of 130,421 vehicles, as estimated by DesRosiers …
Decreases in new auto sales were the norm across the country for August, but there were a couple of notable exceptions, according to the latest sales report from DesRosiers. The report states “While the majority of provinces noted new light …
The rise in new car prices shows no sign of slowing down, despite a slight increase in supply of new vehicles to the market, according to the newest report from Kelley Blue Book. August prices average transaction prices (ATP) at …
While August’s new-vehicle sales experienced a modest year-over-year increase south of the border, that glimmer of recovery has yet to be seen here in Canada. Estimated Canadian sales of 126,534 units in August were down 13.9% from the same month …
Low sales and inventory, high prices and profits is the continued situation for dealers in the U.S., a condition that will probably persist into the new year, says a new joint forecast from J.D. Power and LMC Automotive. “Traditionally, August …
It may be a bumpy ride, but there’s a light at the end of the semiconductor shortage tunnel, according to a recent update from DesRosiers automotive. The report refers to the near term outcome of the shortage as a “U2 …
June new auto prices in the US soared to a record high of over $48,000 USD, reported the latest data release from Kelley Blue Book. The new-vehicle ATP increased to $48,043, overtaking the previous high of $47,202 set in December …
The wholesale market as a whole continues to slightly decline, down -0.22%, but less than the the 2017-2019 average, which was -0.27%, according to Canadian Black Book. The Canadian wholesale market for used cars and trucks was equal, both down …
While some automakers have reported that the now-chronic supply chain issues impeding production are beginning to ease, there is no evidence of any improvement reflected in Canadian vehicle sales through the first half of 2022. June’s sales of 143.773 new …
The shortage of inventory continues to have a depressing effect on the sales figures for 2022, deflating June sales numbers to below what the industry was experiencing at the beginning of the pandemic when everyone was in lockdown. A new …
American sales numbers, which are closely tied to Canadian market conditions, are still facing supply pressures that have been constant since at least January. According to the Cox Automotive June sales forecast released today, “the seasonally adjusted annual rate (SAAR) …
