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Posts Tagged ‘Kelley Blue Book’

KBB Delivers List of Top Family Vehicles

Top 16 list features just three minivans.

by on Feb.05, 2016

Longer, lower, roomier. Honda's 2016 Civic made KBB.com's list of Top 16 vehicles for families.

It happens to so many people around the country each year, the realization that the number kids added to the amount of stuff you need for them equals the ultimate family vehicle: the minivan.

However, not everyone decides that the “station wagon of the ’90s” is the vehicle that best suits their needs and there are plenty of options depending upon how big your family is, where you live, what you do and other variables.

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Kelley Blue Book tested dozens of vehicles with a keen focus on safety, comfort, convenience, spaciousness for both passengers and cargo, and fit of various rear-facing and forward-facing child safety seats, the KBB.com expert editors recommend their choices for a diverse group of vehicles that best meet the needs of today’s modern families. (more…)

Spending on New Cars Hits All-Time High, Even as Loans Stretch to Record Lengths

Average transaction prices up 4% in May.

by on Jun.02, 2015

Buyers filled the showrooms of car dealers and added to the bottom lines of automakers in May.

While May might not have brought the big uptick in sales we’ve seen in recent months, preliminary data suggest that automakers took in record revenues, with the average transaction price of new cars, trucks and crossovers sold last month climbing by at least 4%.

All told, U.S. buyers spent a record $52 billion for their new vehicles in May, in part, due to a sharp, year-over-year decline in incentives, according to several firms that track monthly sales data. A separate study suggested that motorists are covering those higher costs by stretching their loans out longer than the industry has ever seen, an average 67 months.

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“New vehicle sector and segment preference indicates consumers are confident about the economy and their finances,” said TrueCar President John Krafcik. “Not only are these shifts to premium brands and utilities telling from an economic indicator standpoint, they signal sizable revenue gains automakers should reap this year.” (more…)

Cheap Cars Aren’t Boring Cars

KBB.com touts top 10 vehicles under $18K.

by on May.18, 2015

For the second consecutive year, the Mazda3 topped KBB.com's best vehicles under $18k list.

With new vehicle sales going strong in 2015, much of the focus has been on pricey vehicles like full-size trucks, small luxury crossovers and SUVs. Some of these vehicles can surpass the $60K mark.

What’s a person to do if they want a good new car for cheap…or at least less? Kelley Blue Book’s 12th annual best cars for under $18,000 has the answer. For 2015, their top recommendation is the Mazda3.

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Redesigned for this year, the small car has been on the list every year, KBB.com notes. (more…)

Black Friday Boosting November Auto Sales

Dealers taking advantage of kickoff to holiday shopping.

by on Nov.26, 2014

Black Friday isn't just the about getting a deal on electronics. Automakers are using the day to kick off their holiday sales programs.

It’s not just too-good-to-be-true deals on computers, high-definition televisions and portable DVD players drawing people out on Black Friday, many shoppers salivating at the prospect of a great price on a new car will fill auto dealerships across the country boosting November auto sales.

Kelley Blue Book estimates November sales, aided by a strong weekend finish to the month, could climb 2.2% year-over-year to a total of 1.27 million units.

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“Car sales will remain elevated in November in large part because of Black Friday,” said Edmunds Senior Analyst Jessica Caldwell. “In recent years both car shoppers and car dealers have turned toward Black Friday as an opportunity to dive into the holiday shopping season. This is a good example of how the auto industry continues to evolve to become more like the rest of the retail market.” (more…)

New Car Buyers Name Honda Best Overall Brand Again

Survey tabs Ford as Best Truck, Mercedes as Best Luxury brands.

by on Apr.09, 2014

On the strength of vehicles like the Accord, above, Honda captured the Best Overall Brand award in Kelley Blue Book's 2014 Brand Image Award survey.

For the second consecutive year, new car buyers voted Honda “Best Overall Brand” in Kelley Blue Book’s annual Brand Image Award study. The company also took the “Most Trusted Brand” honor for the third straight year.

Kelley Blue Book, also known as KBB, gives out awards in 13 categories. Among luxury brands, Mercedes-Benz was named the Best Overall Brand. Ford grabbed the Best Overall Brand award for trucks.

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“A brand is really built over the long haul through consumers’ experiences with its products, and Honda is committed to delivering class-leading vehicles that provide lasting enjoyment and value to our customers,” said Jeff Conrad, senior vice president and general manager of the Honda automobile division for American Honda, in a statement. “Honda simply embraces the challenge of being a brand that people can trust.” (more…)