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U.S. Auto Sales Hold Steady in July

U.S. Auto Sales Hold Steady in July

Sales of new vehicles held their own during July with help from cuts in interest rates and increased marketing efforts by carmakers, that are finding it more difficult to gain ground. Nevertheless, Toyota, Honda, Subaru and Hyundai all posted modest gains. Detroit’s...
Looking for a New Car Deal? Follow the Fireworks

Looking for a New Car Deal? Follow the Fireworks

If you’re looking for a good deal on a new vehicle, then the July 4thholiday may give you multiple reasons to celebrate America’s independence. Automakers are offering a variety of deals hoping to entice buyers to dealership on their way to see fireworks. This holds...
Auto Loans, Payments Reach Record Highs

Auto Loans, Payments Reach Record Highs

Despite the fact that automakers are selling fewer vehicles, they continue to make more money per sale because buyers are borrowing more and, as a result, paying more each month for those new vehicles. The average amount borrowed to buy a new vehicle hit a record...
U.S. New Vehicle Sales Tick Upward in May

U.S. New Vehicle Sales Tick Upward in May

With Fiat Chrysler and Toyota leading the way, automakers surprised on the upside in May, posting modest sales increases for the month. FCA, where overall sales increased 2%, reported setting three records in May, led by the Ram brand which notched its 12th...
Power, LMC Predicting 2.1 Percent Drop in May Auto Sales

Power, LMC Predicting 2.1 Percent Drop in May Auto Sales

May is expected to see the continuation of falling monthly auto sales in the U.S. that the industry has seen for the first four months of the year with a decline of 2.1%, according a new estimate. Higher prices for new vehicles are largely to blame, according to...
Memorial Day Weekend Means More Traffic — And Good Deals

Memorial Day Weekend Means More Traffic — And Good Deals

With Memorial Day weekend coming, it’s no surprise to find out that experts are predicting that the roads will be packed with drivers trying to get from one family function to another. However, if some of those drivers are smart, they’re out taking advantage of new...
April Sales Sag a Bit as Tough Conditions Continue

April Sales Sag a Bit as Tough Conditions Continue

Nissan and Subaru posted sales increases during April, but Fiat Chrysler and Toyota sales fell in April as deliveries of new vehicles continued drop under pressure from rising prices and higher interest rates. For Subaru of America, April was another solid month with...