New Vehicle Sales Projections 2020-2024 Car sales in the United States could range between 10.2 and 12.7 million units in 2020. The car industry was expected to sell about 16.9 million vehicles before COVID but the market outlook has worsened. In 2019, 17 million new cars were sold in the
Depreciation Comparison – Top 5 Used Sedans If you’re in the market for a family sedan, the top 5 choices for you are: Honda Accord Hyundai Sonata Kia Optima Nissan Altima Toyota Camry These five vehicles are rated highest for most categories, unfortunately no US made vehicles made this top
U.S. light-vehicle sales by nameplate, 6 month comparison of 2019 versus 2020 Percent Drop in New Car Sales First 6 Months 2019 v 2020 (PDF) Chrysler tops the list with a 50% decline in sales. New-vehicle sales in U.S. plummet 34% in Q2 of 2020. Some segments fared better than
Auto Market Report – June 2020 A look at Used Wholesale Price and Used Vehicle Supply Projections Auction Sales Volume and Sales Rates Segment Highlight – Compact Crossover / SUV Volume-weighted, overall car segment values increased 1.54% this past week. All car segments experienced increases, with the most notable increase
Fiat-Chrysler merges with Peugeot projects a 7.9 Million Cars Sold per year This mega-merger between Fiat Chrysler Automobiles (FCA) and Peugeot (PSA) will create the world’s fourth largest automaker after VW, Toyota and Renault-Nissan. Fiat Chrysler, the group behind popular brands such as Jeep, Dodge, Ram and Alfa Romeo, was
Traffic vs Accident Reduction 2020 Less cars on road = a lot less accidents. Vehicle miles traveled nationwide was down 41% in April and projections show up to a 9.4% decrease in 2020. Due to reduced traffic on roads, accidents have dramatically fallen. For each 1% drop in traffic, there’s
Sample Motion to Dismiss Georgia PDF This motion is usually filed with the court when Both parties agreed to a settlement The plaintiff cannot appear at court The facts of the case changed since filing New evidence was in favor of defedant Dismiss and refile in State or Superior
The Rise of Contactless Car Shopping in the Wake of Covid Consumers are warming up to the idea of digital retailing as more car dealerships take the car-buying process online during the covid19 pandemic. And customers increasingly say they’d like to handle certain parts of the transaction virtually instead of
Rule 120-2-52-.06. Total Loss Vehicle Claims in Georgia. Comparable vehicles within 50 miles, then 100 then book value.
Hyundai Sales Down 31% in March 2020 Despite sale increases in January and February 2020, March sales put the quarter in negative territory. One bright spot however is the fact that at -5.4%, Hyundai group’s decline is still half of the average US industry decline of 12% in Q1 2020.
General Motors Rebates April 2020 General Motors Incentives in this table are a summary of retail programs offered. Programs may vary by region and model. Expires April 30. In lieu of rebates, cut-rate financing is available. Year Make Model Cash Rebate up to Special Financing 2020 Buick Regal Sportback $
Top 10 Used Car Dealers in the US for 2019 based on the number of vehicles sold. Top 100 retailers based in the U.S., ranked on 2019 used-vehicle sales units (PDF)
To: All Licensed Motor Vehicle Damage Appraisers, Insurance Companies, and Interested Parties From: North Carolina Department of Insurance – Agent Services Division Date: April 9, 2020 RE: New Rules for Licensed Motor Vehicle Damage Appraisers During the Rules Review Commission’s meeting on March 19, 2020, the following new rules were
Large Pickup Trucks Sales Least Effected by Covid While most dealers in US are experiencing sale declines as high as 80% in in the second half of March 2020, large pickup truck sales remained flat in the South dropped only 29% in the northeast. Reasons for the low decline in
US Car Dealer Rankings for 2019 Top 20 Car Dealers with the Most Increase in the Number of Stores – 2019. Dealership group Number of dealerships – 2019 Number of dealerships – 2018 Store Increase Percent Increase 1 Ciocca Dealerships 20 14 6 42.9% 2 Kahlig Auto Group
Car Prices Drop 4% at Auction
Spring is usually the high season when it comes to car sales. Dealers, anticipating tax refund checks stock up on inventory.
The early March week to week price index was as high as 1.25% signaling the beginning of the Spring car season. This is a stark contrast the the late March/early April price index of -2.5% which is almost a 4% swing in prices.
4% might not seem that high on first glance, however if this trend continues, car prices are set to drop around 15% by mid-May.
COVID-19 Operations Update as of March 25, 2020 Due to ongoing public health concerns and the safety of all involved, Manheim is making operational and policy changes to address the changing conditions in various locations. In the event that a Manheim auction or offsite location (i.e. dealership or storage location)
AFC Dealer Changes Lending Terms March 2020 Dealers logging in to the AFC website are being prompted to agree to new lending terms. Below is the message received. AFC account access is blocked until the terms are agreed on. ” Change Notices Attention! Changes to certain terms and conditions of
Georgia Motor Vehicle Division Extension of Motor Vehicle Registrations Due to concerns regarding COVID-19, the Georgia Motor Vehicle Division (MVD) is extending all motor vehicle registrations that expire between March 16, 2020, and May 14, 2020. Those registrations are extended through May 15, 2020. This extension applies to personal passenger
US Auto Inventory & Day Supply for March 2020 Day Supply February Day Supply March Inventory Units American Honda 88 83 381,400 Hyundai Kia 72 62 256,300 Mazda N.A. 58 57 61,900 Mitsubishi Motors 77 55 33,000 Subaru America 35 37 73,400 Toyota
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