New & Used Car Industry Research
.- How Many Cars Will You Own In Your Lifetime?
• The average age of the American car is a jolting 10.6 years
• Our average new car will cost you over $30,000.
• Owning your own car starts at the age of 18
• Your average American will own almost six cars in their lifetime.
. - Tampa car dealer accused of swindling customers
~One reason why selling your car to a dealer can be bad.
. - Used Vehicle Value Index – Manheim
Forecasts | Trends
- 7 findings and more from depreciation and ABS forecast.
. - Analysts spot multiple factors influencing July’s used & new sales forecasts
- Do the math: Older used cars in short supply – 2017
- Car Sales Forecast Slips Again as Industry Struggles to Hold Ground – 5/2019
- Car-sharing market valuation to top $12B by 2024
- Electric vehicles increasing in popularity in U.S.
- Luxury car sales in Miami rise with prices – 2015
. - Midpoint TrueCar’s ALG Maintains 17M Annual SAAR New Car Sales – 2019
~ ALG, projects total new vehicle sales will reach 1,487,407 units in June
. - U.S. Light-Vehicle Sales Expected to Start Second-Half 2019 at 16.7 Million SAAR
- U.S. Light Vehicle Sales & Inventory Forecast – January 2019
- ‘We’re Full,’ Car Dealers Say as Auto Sales Slow After a Long Boom
. - Why used-car sales should remain at peak levels in 2019
• Forecasting 39.5 million used-car sales again this year
• Followed by 39.2 million in 2020.
• “The used-vehicle market is not expected to grow in 2019”
• “But keep in mind, we expect 2019, like 2018, to be the strongest
…used environment of this expansion.”
Marketing | Promotions
- 7 Car Dealership Advertising Ideas Proven to Increase Car Sales
- 7 of the Most Brilliant Car Dealership Marketing Ideas We’ve Ever Seen
- 10 Effective Car Sales Promotions For Dealers To Increase Sales
- 10 Social Media Strategies for Car Dealerships
. - How to promote your car dealership to increase sales
- Kick Your Used Car Sales into High Gear with Content Marketing
- The 5 Craziest Car Dealer Promotions of All Time
. - Toyota’s 6 millionth certified used vehicle – WEST PALM BEACH, Fla.
Reports
- 2018 (Full Year) USA: American Honda and Acura Sales
Honda = 1,445,894
Acura = 158,938
. - Automotive Sales Statistics – Data Center
. - In 2018, 17.2 million light trucks and cars were sold
This was the fourth-best year of car sales in history. – 2019 was also expected to be a year when there would be a leased cars tsunami. In 2018, 3.9 million leased cars were released to the market.
. - North America Production – June 2019
- U.S. Light Vehicle Inventory – June 2019
- U.S. Light Vehicle Sales – June 2019
Seasonal
- 6 best times to buy a car
. - Edmunds, Cox Automotive, J.D. Power and LMC Automotive
“A lot of people are enjoying vacations and family time in July, so it’s generally not a strong month for auto sales.” – we still believe sales will continue to trend downward through the back half of the year,” – “We’re seeing old cars lingering on dealer lots a bit longer than they should, which means that shoppers could see more attractive sales events as we head into the end of summer.”
