Tag Archives: j.d power

2018 Auto Retail Sales Down. Transaction Prices Set Record

Posted on 22 December 2018 by Kenneth Zino

“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 →

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Used Vehicle Incentives Decrease for the First Time in Years

Posted on 21 October 2018 by Kenneth Zino

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 →

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Dueling Sales Forecasts for March. Up or Down?

Posted on 28 March 2016 by Kenneth Zino

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 →

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June 2015 U.S. Light Vehicle Sales Projected Flat

Posted on 25 June 2015 by Kenneth Zino

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 →

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September US Vehicle Sales Continue Growing

Posted on 25 September 2014 by Kenneth Zino

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 →

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Voice Recognition Growing Problem in New Cars

Posted on 29 August 2014 by Kenneth Zino

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 →

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Automakers Flub Launch of High Tech Vehicles, IQS Shows

Posted on 18 June 2014 by Kenneth Zino

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 →

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2014 U.S. March Auto Sales Forecast Up

Posted on 24 March 2014 by Kenneth Zino

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 →

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December U.S. Vehicle Sales Projected at a +4% Increase

Posted on 20 December 2013 by Kenneth Zino

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 →

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November U.S. Sales Forecast at 1.2 Million

Posted on 21 November 2013 by Kenneth Zino

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 →

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September U.S. Auto Sales Slowing in Latest Forecast

Posted on 19 September 2013 by Kenneth Zino

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 →

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Gen Y Internet Auto Shoppers Open to Any Brand

Posted on 9 September 2013 by Kenneth Zino

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 →

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August Auto Sales Forecast at a Robust 13.1 Million SAAR

Posted on 22 August 2013 by Kenneth Zino

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 →

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July U.S. Sales Projected as Hot – up 12%

Posted on 20 July 2013 by Kenneth Zino

Not all this is good news for automakers in general, and specifically the Detroit Three. Drastic capacity cuts during the Great Recession have caught them out with the market recovery volumes approaching 16 million now running at least a year ahead of earlier forecasts. Mandatory overtime and cancelled vacations are the rule of the day, which ultimately will wear down UAW and workers at Japanese companies and inevitably lead to quality declines. Continue reading →

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U.S. June Vehicle Sales Forecast Up. Prices Highest in History

Posted on 21 June 2013 by Kenneth Zino

Unfortunately, for buyers, the strong selling rate is matched by strong transaction prices. Thus far, in June, the average transaction price of new vehicles is $28,900, the highest ever for the month, according to J.D. Power, the source of the data. Continue reading →

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