Tag Archives: j.d power

Auto Shoppers Dumping Dealers for Online Buying

During the COVID-19 pandemic, 65% of automotive shoppers’ decision to purchase a vehicle was affected and 40% of shoppers delayed making a new vehicle purchase. As a result, more buyers are now willing to purchase their vehicles online instead of at a dealership. Continue reading

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August Vehicle Sales to Drop as Prices Hit Record High

Reporting the same numbers without controlling for the number of selling days translates to a decrease of -16.8% from a year ago. While the decline vs. August 2019 is substantial and reflects the ongoing do nothing about COVID-19 attitude of the hapless Trump reign, August 2020 contains two fewer selling days than August 2019. It also has no help from promotions during the Labor Day weekend, which is after the August sales close. Continue reading

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J.D. Power to Buy ALG from TrueCar

The acquisition is predicted to augment offerings from the data & analytics division of J.D. Power. It is subject to the necessary regulatory approvals. Upon approval and close, all 40 ALG employees will join J.D. Power. Continue reading

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US June Retail Sales Down -6% from Pre-Virus Forecast

The sales came at a high price, though, Record levels of manufacturer incentives for the month of June are supporting the recovery. Incentive spending should reach $4,411 in June, the highest ever for the month and an increase of $445 from June 2019. Incentives on cars are expected to be up $459 to $4,031, with trucks/SUVs up $407 to $4,524. Continue reading

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Duh – New Vehicle Quality Determined by Working Technology J.D. Power Says

In a victory of sorts, most domestic brands are above average. Seven domestic brands perform better than the overall industry average of 166 PP100. Continue reading

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Consumer Feelings on Future Mobility Technologies Declines

The quarterly study claims to be “the pulse of market readiness and acceptance for self-driving and battery-electric vehicles, as seen through the eyes of consumers and industry experts.” Continue reading

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US February Retail Vehicle Sales to Surpass a Million

 “Last year it took until September for the industry to reach the current spend levels,” King noted. “While the coronavirus has had no meaningful effect on production yet, it does have the potential to reduce overall inventory levels and lower the need for continued elevated incentives. If unhealthy inventory levels persist throughout the year, however, manufacturers may be faced with spend levels that are pacing towards $5,000 by next year.” Continue reading

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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

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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

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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

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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

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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

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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

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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

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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

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