Automotive Market Update for October 2022(PDF) The market keeps declining considering the time of the year. Last week, the 8-to-16-year-old cars depreciated by 0.63%, while the 2-to-8-year-old vehicles declined by 0.76%. Overall, the car segment decreased 0.89%. For reference, last week cars decreased 1.11%. Three segments reported declines more than
Due to Consumer Complaints the FTC Changes GAP Insurance Rules FTC Rule 463 Section 5 GAP Insurance (PDF) Buying a vehicle is an expensive and tricky process, many consumers rely on financing to complete their purchases. The car dealer’s finance office is the main point of sale of financing as
The Market Experiences Significant Declines Large market declines continued last week, exceeding the levels that are expected for this time of year. Luxury segments continued to experience severe depreciation last week. The Prestige Luxury Car segment reported the largest decline at -2%, following the prior week’s already large decline of
It’s no secret car prices are going up, but the extent of this increase is more visible as we look at wholesale price charts on popular mass-produced vehicles.
In our study we observed the wholesale price variance of 5 vehicles:
2011 Honda Accord
2012 Toyota Camry
2014 Ford F150
2014 Hyundai Sonata
2013 Toyota Sienna
New Car Dealer Groups – Day Supply Q1 and Q2 2022 (PDF) Low New Car Inventory lingers for a second quarter in a row. Days’ supply of new vehicles at the US’s six major dealership groups remains low due to production delays, parts shortages and unseasonably high demand. Penske Auto
Initial Quality Study. Problems Per 100 Vehicles List Buick tops the list with the least amount of problems per vehicle. 1 Buick 139 2 Dodge 143 3 Chevrolet 147 4 Genesis 156 5 Kia 156 6 Lexus 157 7 GMC 162 8 Cadillac 163 9 BMW 165 10 Ford 167
Auto Industry Related Headlines for July 2022 With the exception of the Compact and Full-Size Van segments, all segments reported softening last week, leading up to the July 4th holiday weekend. In recent weeks, the sales rates at the auctions have been trending downward and dealer sentiment is that leads
The Lexus RX dominates and retains the lead off the top premium crossover vehicles sold in the US in 2021 and 2022. Lexus has redesigned the RX for the 2023 model year to stay ahead in the midsize premium crossover segment it has long dominated. Below is a list
June 2022 Automotive Market Update: The overall market continued to increase last week, but the rate of gains slowed. All Luxury segments returned to negative territory last week with the Full-Size Luxury Crossover/SUV and Premium Sporty Cars reporting the largest declines. Used Retail Listing Volume has increased above the 1.00
The auto market continues to follow a new path of seasonality with the overall market having another week of increases last week. Traditionally, by this time of year, we would have started to see the spring market bump reverse and turn cars back into depreciating assets, but not this year,
Used Car Prices and Inventory April 2022 (pdf) Used Cars: Retail Prices Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing. Transparent pricing upfront makes the car buying process more enjoyable for customers and allows Black Book to accurately
A quick recap of industry-related headlines for April 2022: The overall market is still reporting declines, but the Car segments moved into positive territory last week. Older model years (8-to-16-year-olds) also had another week of outperforming newer model years. We are also starting to see the higher gas prices affecting
List of the top 10 car dealership groups in the US by total units sold (PDF) AutoNation Inc. Total Units Sold in 2021 (New and Used ): 637,884 Lithia Motors Inc. Total Units Sold in 2021 (New and Used ): 618,585 Penske Automotive Group Inc Total Units Sold in 2021
U.S. Automotive Social Intelligence Update 2022 Results(PDF) The U.S. Automotive Social Intelligence Update delivers insights highlighting what consumers are saying in their social media conversations about vehicle makes and models. These tables highlight the total volume of social media discussions, as well as the sentiment (positive or negative) of those
U.S. Auto Manufacturer Loyalty Rates by Make 2021 CY PY CY PY CY PY CY PY make make mfg mfg make make mfg mfg loyalty loyalty loyalty loyalty loyalty
March 2022 Auto Industry Related Headlines: With fuel prices rising, the Sub-Compact Car segment moved into positive territory and Compact Cars slowed the rate of decline last week. On a volume-weighted basis, the overall Car segment decreased -0.52%. For reference, the previous week, cars decreased by -0.81%. The volume-weighted, overall
Poll Would you purchase a vehicle that’s been involved in an accident (PDF) Poll/ Survey Results Respondents: 2,870 Question: Would buy a wrecked and repaired Vehicle? Answer: Yes 12% Yes, but with a very large discount 51% Yes, only if it had minor damage 7% No, Never 25% Unsure, Undecided
Top 10 Vehicles By Warranty Repair Cost The table below lists service and warranty costs compiled from actual service records. The report measures money spent by owners and manufacturers of vehicles from model years 2018-21 after 12 months on the road, covering more than 16 million vehicles across 351 models
Top 10 Luxury Vehicle Registrations 2021 vs 2020 Tesla increased sales by 75% from 2020 to 2021 and is on the brink of overtaking BMW as the #1 luxury brand volume automaker in the US. The table below shows new vehicle registration in the US in 2021 compared to 2020.
The Correct Tire Pressure According to Vehicle Type Many people are not certain whether their tires are at optimum pressure, and this is more alarming than it may sound. Running your car with the wrong tire pressure can lead to life-threatening situations while on the road. Your tires are what
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