Retail car sales guru Art Spinella says that the year closed out well for Franchised and Independent dealers in used vehicle sales. It hit 40 million units for the first time since 2007, a 4.5% gain over last year’s 38.8 million.
Franchised dealers had a very good year – sales were up from than 8%, while Independents saw a more modest gain of…
Franchised dealers saw used sales reaching 15 million units for the year, a million more than Independents, while Private Party saw…
Used car prices were off for dealers in December versus November, but Franchised and Independent dealers made up for it through…
Click here to find out about the used-car days’ supply and other important factors for dealers seeing a strong year in used vehicle sales…
The San Diego Metropolitan Transit System is buying up to 350 compressed natural gas fueled 40-foot low-floor buses made by bus manufacturer Gillig and up to 165 of bus maker New Flyer’s 60-foot low-floor articulated CNG buses through 2017. The transit system will be investing more than $343 million for these fleet acquisitions. This will […]
Via Motors, which has been supported by GM’s ex-chair and Chevrolet Volt advocate Bob Lutz, will be unveiling three new full-size electric vehicles at the Detroit Auto Show this month. Beyond its plug-in hybrid pickup, the range of extended range vehicles will include a high performance, four-wheel drive truck with up to 800 horsepower. Other […]
Automotive market intelligence firm Polk expects US auto sales to rise 6.6% in 2013 over 2012 levels – reaching 15.3 new light-duty vehicles sold. North American production volumes are expected to increase to about 15.9 million units, which could be a 2.4% increase over 2012. These are signs that auto industry is continuing to recover, […]