Incentives Help Hyundai, Kia, BMW, and Lexus See Strong Performance

Incentives were up nearly 10% in June from last year to boost the summer buying season, according to Dataium. Strong incentives have helped lift Hyundai and Kia over Toyota on Dataium’s monthly Automotive Shopper Intensity index, breaking the Camry’s winning ASI streak. Dataium also noted that July could be the start of a turnaround for […]

Hyundai Sees Big Numbers in First 6 Months for Certified Pre-owned Sales

For the first six months of 2012, Hyundai’s used-vehicle sales jumped 67% from the year-earlier period to 33,165 units – that was much higher than the industry-wide increase of 6% for that same time period. The company says growth has come from increased dealer participation, more advertising on third-party websites, and special finance rates from […]

Art Spinella on July Used Car Market Trends

Art Spinella CNW Research President Click here to read Retail Automotive Summary for July 2012 Retail used-vehicle prices continued to be soft w/ franchised dealers seeing their transaction prices drop a touch – 0.37% even though they were asking 4.5% more than year ago; Independent dealer transaction prices slumped 8.5% vs. a year ago and […]

ADESA’s June 2012 Market Report

Tom Kontos Executive VP, Customer Strategies & Analytics ADESA Analytical Services Click here to read Kontos Kommentary – June 2012 Average sales price for all vehicles sold at auction fell below $10,000 for 1st time since February, signaling end to this year’s characteristically strong Spring/Tax season; As gasoline prices softened in June, prices for car […]