July 09, 2020
Dealer News
Average New Car Nears $39,000
Staff Writer
June 08, 2020
The valuation analysts at Kelley Blue Book reported the estimated average transaction price for a light vehicle in the United States was $38,940 in May 2020. New-vehicle prices increased $1,618…
Aftermarket Poised for Rebound
Staff Writer
June 08, 2020
Total light duty aftermarket sales will grow from $281 billion in 2020 to $314 billion in 2021, according to “The 2020 Joint Channel Forecast Model” produced jointly by the Auto…
Carfax Offers Free Trial
Staff Writer
June 05, 2020
Carfax is offering its Carfax for Life program free to try through September 30th to eligible dealers. The program promises to help dealerships drive service traffic during this unprecedented time.…
Kia Tops 45,817 in May
Staff Writer
June 04, 2020
Kia Motors America announced May sales of 45,817 vehicles. Demand for Kia’s lineup of SUVs remained strong as Sportage and Sorento topped the sales chart and the all-new Seltos SUV…
Hyundai Retail Sales Grow
Staff Writer
June 03, 2020
Hyundai Motor America reported total May sales of 57,619 units, with retail sales growing 5 percent in May despite the COVID-19 pandemic. Fleet sales were down 79 percent and represented…
Sales Forecast Jumps in May
Staff Writer
May 29, 2020
Edmunds is forecasting that May U.S. new car and truck sales will hit 1,074,542, an estimated seasonally adjusted annual rate (SAAR) of 11.8 million. This reflects a 32.5 percent decrease…
Autotrader Picks Top CPO Brands
Staff Writer
May 28, 2020
Autotrader has picked Hyundai and Lexus as the best CPO programs for 2020 in both the non-luxury and luxury categories. “We selected Hyundai and Lexus CPO programs due to their…
Longtime Alabama Dealer Dies
Staff Writer
May 26, 2020
Longtime Alabama auto dealer Lester Earl Oden died on April 2 after a long battle with cancer. He was 73. Oden was the founder and president of MTO Motor Leasing…
Moody’s Offers Auto Loan Data
Staff Writer
May 26, 2020
Moody’s Analytics has announced it will provide complimentary access to loan-level mortgage and auto data, to help market participants analyze the impact of an anticipated COVID-19-related recession on their securitization…
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