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Tag Archives: j.d power
Auto Industry Sets Record for Transaction Prices, Incentive Spending in December 2019. However, US Sales Falling?
The combination of record prices with overall sales means that consumers will spend $462 billion on new vehicles in 2019. This is up $8.4 billion from last year and marks the first time that expenditures will exceed $460 billion. Continue reading
Posted in economy, news analysis, sales
Tagged 2018 US Sales, auto industry commentary, autoinformed.com, j.d power, Kenneth Zino
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2018 Auto Retail Sales Down. Transaction Prices Set Record
“Despite retail sales falling for the sixth consecutive month, the continued growth in transaction prices is allowing manufacturers to offset lower sales with higher revenue,” claims Thomas King, Senior Vice President of the Data and Analytics Division at J.D. Power. “Consumers are on pace to spend nearly $45 billion on autos in December, up 1% from last year and the highest level ever recorded.” Continue reading
Used Vehicle Incentives Decrease for the First Time in Years
Whether this is a trend that will save consumers money, or just a blip is debatable and contingent on the U.S. economy and the stated – but not yet implemented – Federal Reserve desire to raise interest rates. Continue reading
Dueling Sales Forecasts for March. Up or Down?
The conflicting numbers are because of a technicality. Two additional selling days will help this month’s volume as the SAAR will stay relatively consistent with recent months. Kelly relies on a monthly total. J.D. Power adjusts for selling days. Nonetheless, March at 1.6 million light vehicle sales. The seasonally adjusted annualized rate (SAAR) for retail sales in March 2016 is expected to reach 13.4 million units, down slightly from 13.5 million units in March 2015. Continue reading
Posted in sales
Tagged autoinformed, autoinformed.com, j.d power, kelley blue book, Ken Zino
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June 2015 U.S. Light Vehicle Sales Projected Flat
The real party is being held by new-vehicle retail sales in June along with a corresponding retail seasonally adjusted annualized selling rate, aka SAAR, expected to reach their highest levels for June since 2005. Continue reading
September US Vehicle Sales Continue Growing
The sales of new light-vehicles are projected to increase by 6% to 1 million in September compared to last year, continuing the strong momentum of August. Continue reading
Voice Recognition Growing Problem in New Cars
Automakers continue to struggle with the growing demand for automotive electronics in the so-called connected car. It turns out the car is not always connected to the web or phone or is linked in an ineffective way that is turning customers off. As a result, there is a growing case of, well, Bluetooth blues among drivers. More than half (52%) of these owners use an iPhone and 41% use an Android phone. Continue reading
Posted in customer satisfaction, safety
Tagged autoinformed, autoinformed.com, distracted driving, j.d power, Ken Zino, voice recognition
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Automakers Flub Launch of High Tech Vehicles, IQS Shows
The latest IQS or quality data revealed today at the Automotive Press Association meeting in Detroit shows that the number of problems experienced by new-vehicle owners has increased from the previous year, as automakers continue to have severe problems with complicated technologies now being deployed in new vehicles. Continue reading
Posted in quality
Tagged autoinformed, autoinformed.com, automotive press association, iqs, j.d power, Ken Zino
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2014 U.S. March Auto Sales Forecast Up
New-vehicle retail sales in March are showing signs of improvement – projected at 1.19 million or +7% year-over-year – following slower-than-expected sales in the first two months of 2014. Continue reading
December U.S. Vehicle Sales Projected at a +4% Increase
The Detroit Three continued to build inventory rapidly, and their combined days’ supply climbed from 87 days at the beginning of November to 93 days by the end of the month. This is potentially worrisome. Continue reading
November U.S. Sales Forecast at 1.2 Million
Through the first half of November, the average transaction price of new vehicles is $30,079, an increase of $461 from November 2012. Sales and transaction price increases mean that consumers will spend 10% more on new vehicles during the month than they did in November 2012, and nearly double the level of November 2008 during the Bush Administration’s Great Recession. Continue reading
September U.S. Auto Sales Slowing in Latest Forecast
While a total September sales forecast of 1,132,800, if accurate, represents a mere 2% increase from September 2012, a calendar issue with Labor Day has negatively biased the month. The auto industry reports sales on a sales month basis rather than a calendar month basis. Historically, Labor Day falls in the September sales month. Not in 2013 though, it fell in the August sales month. Continue reading
Posted in auto news
Tagged autoinformed, autoinformed.com, j.d power, Ken Zino, lmc, u.s. sales
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Gen Y Internet Auto Shoppers Open to Any Brand
New-vehicle buyers who use the Internet for auto shopping are open to any brand when they initially, and more than one-half of so-called Gen Y buyers are open to consider any brand that meets their needs, according to a new study. Among all auto shoppers, 79% use the Internet to research their new vehicle purchase. Continue reading
Posted in marketing, people
Tagged autoinformed, autoinformed.com, internet auto shopping trends, j.d power, Ken Zino
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August Auto Sales Forecast at a Robust 13.1 Million SAAR
U.S. new vehicle sales in August are projected at 1,270,400 units, a 12% increase from August 2012 and the highest monthly sales tally since 2006. Continue reading
Posted in sales
Tagged autoinformed, autoinformed.com, j.d power, Ken Zino, u.s. august sales
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Electronic Sales Process – Power Acquires Trilogy Automotive
This in theory expands the capabilities and reach of its existing offering so manufacturers and dealers to improve retail lead management programs. Trilogy Automotive’s patented technology ranges from custom and client driven to turnkey configuration, design and lead management systems. Trilogy has powered automotive companies such as Ford, GM, Nissan, Chrysler, Toyota, Hyundai, Kia, Volvo, Jaguar and AutoNation. Continue reading →