Industry

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New & Used Car Industry Research

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• 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.
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• Tampa car dealer accused of swindling customers
  ~One reason why selling your car to a dealer can be bad.
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• Used Vehicle Value Index – Manheim

 

Forecasts | Trends

• 7 findings and more from depreciation and ABS forecast.
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• 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
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• 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
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• 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
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• 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
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• 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
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• 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
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• Automotive Sales Statistics – Data Center
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• 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.
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• 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
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• 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.”