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Lease Volume Reaches Record High in 2016, Edmunds Reports

SANTA MONICA, Calif. — Automotive lease volume reached an all-time high of 4.3 million vehicles in 2016, according to the latest Lease Market Report from Edmunds, account for 31% of new-vehicle sales in 2016. That’s up from 29% in 2015. Over the past five years, lease volume has grown by 91%. And as the popularity ... Read More »

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NADA: April Auto Sales Continue to Lead Economic Growth

MCLEAN, Va. — Falling gasoline prices and continued pent-up demand have spurred spending on new cars and light trucks, with average retail transaction prices rising more than 3% in the first quarter compared to the same period a year ago, the National Automobile Dealers Association (NADA) reported this week. The average retail transaction price for ... Read More »

U.S. New Auto Sales at Highest Level Since 2006

DETROIT – Sales of new vehicles in the U.S. last year grew by 6 percent to 16,522,000 units, according to AutoData Corp., marking the highest rate since 2006, reported MLive. For the Detroit Three, sales rose for both General Motors, which sold more vehicles in the U.S. than any other automaker in 2014, and for ... Read More »

BMW Retakes U.S. Luxury Auto Sales Crown from Mercedes-Benz

BMW on Monday regained bragging rights as the top-selling luxury brand in the United States, ending the one-year reign of German rival Mercedes, reported Reuters. BMW ended with a lead last year of more than 9,000 vehicles over Mercedes-Benz, which in 2013 seized a title BMW had held for the previous two years. The BMW ... Read More »

A1 Software Announces Mobile Focused CRM

SAN JOSE, Calif. — A1 Software Group announced its new dealership CRM, Selly, a mobile focused, lightweight CRM for automotive sales. Selly is designed for small to medium sized dealerships and was initially distributed as a mobile app. “The majority of vendors have built complicated systems that have been selling for years with minimal updates ... Read More »

U.S. November Auto Sales Pace Best Since 2003

The top six automakers sold more cars and trucks in November than analysts expected, with a healthy economy, generous discounts and low fuel prices luring consumers into U.S. showrooms, reported Reuters. The industry’s annualized sales rate in November was about 17.2 million vehicles, according to industry consultant Autodata Corp. That is the best pace for ... Read More »

Economist: Auto Sales Will Rise Again Next Year

LOS ANGELES – The good times will keeping rolling for the auto industry next year, with higher sales and continued low gasoline prices, the National Automobile Dealers Association’s chief economist predicts, reported Detroit Free Press. Sales of new vehicles, already on pace to top 16 million for the first time since the mid-2000s, will increase ... Read More »

U.S. Auto Sales Expected to Rise Modestly in 2015

New York – Auto analysts said Tuesday U.S. sales will continue to rise in the next few years, but the pace of growth will slow further in 2015, reported The Detroit News. U.S. auto sales are on pace to rise 5 percent in 2014 to 16.4 million — the best performance since 2006 — after ... Read More »

U.S. Auto Sales Seen Ending Summer Without A Sizzle

U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rear-view mirror, reported Reuters. Analysts polled by Thomson Reuters expect monthly sales of about 1.5 million ... Read More »

U.S. June Auto Sales Keep Climbing