U.S. new-vehicle retail sales for May are expected to reach 1,226,800 units — a 3.1 per cent decrease from the same period in 2018, according to a forecast by J.D. Power and LMC Automotive. They also anticipate the seasonally adjusted …
Automotive industry veteran Randy Parker has been tapped as VP of National Sales at Hyundai Motor America, and will be responsible for all aspects of sales and distribution of its vehicles in the U.S. starting May 30. In his new …
The U.S. has officially lifted the steel and aluminum tariffs it imposed on Canada nearly a year ago during NAFTA renegotiations, according to a statement from Canada’s Prime Minister Justin Trudeau. The move resulted in Canada lifting its counter tariffs …
Black Book’s Used Vehicle Retention Index for the U.S. declined in April for the fifth consecutive month — but it’s still higher than it was a year ago. Data shows that the index was at 113.6 in April, which is …
The U.S. used vehicle market is beginning to lose some of its momentum, according to data from Black Book. “Spring market strength is starting to fade as positive adjustments to values slowed down last week. We are seeing more no-sales …
U.S. used vehicle prices have increased for the first time in six months, according to analysts at J.D. Power Valuation Services. During this period the market experienced consistent declines, but has since improved in March, around the same time the …
Porsche is embracing one of the many key themes currently floating around the global automotive industry: carbon neutrality. Carbon offsetting, like zero-emission vehicles (ZEVs) is a growing trend, and one that has sparked the interest of the German carmaker who …
U.S. automotive depreciation is expected to rise to 15 per cent in 2019 — up from 12.4 per cent in 2018, which was the lowest rate in four years, according to Black Book’s joint U.S. Vehicle Depreciation and Auto Asset …
U.S. used car values increased between March 22-29, 2019, while pre-owned truck values took a slight dive, according to data from Black Book. The volume-weighted overall car segment values were up 0.17 per cent (or $17), which is commendable when …
Average new car prices in the U.S. rose 2.8 per cent ($993) in February, year-over-year, while decreasing 0.5 per cent ($205) from the previous month in 2019, according to the analysts at Kelley Blue Book. The average transaction price for …
It has been an interesting year for vehicle sales in North America. U.S. new car prices were up slightly in December which helped to close a strong year of growth, according to the analysts at Kelley Blue Book. In 2018, …
U.S. used car values took a slight dive in January — more so than trucks, according to Black Book. The news is anything but shocking as industry experts have repeatedly pointed to consumers demonstrating less interest in sedans and other …
