The Industry's Source for Automotive and Powersports Agents
Search Close Menu

Tag Search Result

ford

KBB: Avg. Transaction Price in June Rises 3%

IRVINE, Calif. — Thanks to market demand quickly backing away from cars, average transaction prices in July rose 2.9% from a year ago, or $985, to $35,359, Kelley Blue Book reported this week. Cars are expected to make up only 31% of July sales, down from 36% in the year-ago period. This decline is pushing ... Read More »

Read more

Ford Relaunches Commercial Vehicle Dealer Program

DEARBORN, Mich. — Ford is launching the Commercial Vehicle Center dealer program to replace the Business Preferred Network (BPN). According to officials, the new program  offers improved service, better parts availability and a new loyalty program. The program is rolling out at 650 of Ford’s more than 3,000 dealers in the United States and replaces a program ... Read More »

KBB: Average Transaction Price Climbs to Record High in December

IRVINE, Calif. — The estimated average transaction price for light vehicles in the United States reached an all-time record high of $35,309 in December, according to Kelley Blue Book (KBB). This increase, the auto firm added, amounted to a 1.5% increase over the same time last year. Virtually all vehicle OEM recorded increases in average transaction prices, with ... Read More »

KBB Announces 2017 Best Buy Awards

IRVINE, Calif. — Kelley Blue Book today announced the winners of its 2017 Kelley Blue Book Best Buy Awards. The 2017 Honda Civic was named the Overall Best Buy of 2017, however, 11 other vehicles also took top honors for their respective categories. “Kelley Blue Book editors went to the unprecedented choice of honoring the ... Read More »

Exclusive: U.S., Major Automakers to Announce Safety Accord Friday

The U.S. government and a group of global automakers are set to unveil a voluntary agreement at the Detroit auto show on Friday aimed at improving auto industry safety and spurring culture changes, according to company and government officials. The accord could set the framework for further discussions on safety reforms and mark a new ... Read More »

December Auto Sales Soar 9% in Record Year

Automakers posted a solid 9% sales gain in December, an exclamation point that sealed 2015 as the biggest sales year ever for the industry, reported USA Today. All told, automakers sold 17.47 million new vehicles for the year, Autodata reported, besting the previous record set in 2000 by 68,138 vehicles. Low gas prices, cheap credit, low unemployment, soaring consumer confidence and warm weather ... Read More »

Ford and Google to Partner on Self-Driving Cars

DETROIT, MI – In a strategic partnership between a tech giant and an automaker, Google and Ford Motor Co. will pair on an autonomous vehicle-building project, according to a report in Yahoo Autos. Citing sources familiar with the plans, the report says that the joint venture will be announced by Ford at the Consumer Electronics ... Read More »

New-Vehicle Registrations Return to Prerecession Levels

SCHAUMBURG, Ill. — New-vehicle registration volumes for light-duty vehicles reached the highest point in nine years, with more than 17 million new vehicles registered within the United States between Nov. 1, 2014 and Oct. 31, 2015, according to Experian Automotive. The highest number of new registration volumes on record was 17.4 million in 2006, while ... Read More »

U.S. Brands Tap European Auto Recovery as Volkswagen Left Behind

European car sales rose 13.7 percent in November, according to industry data published on Tuesday, with U.S. brands recording strong gains as Volkswagen continued to pay the price of its diesel emissions test-rigging scandal, reports Reuters. Registrations rose to 1.12 million cars last month from 989,758 a year earlier, the Brussels-based Association of European Carmakers ... Read More »

Ford to Spend $4.5 Billion By 2020 On Electric Vehicles

DEARBORN, Mich. – Ford announced its largest five-year investment ever in electrified vehicles, with a pledge to spend $4.5 billion and introduce 13 new models by 2020, CEO Mark Fields announced today, reports the Detroit Free Press. Fields said 40% of nameplates globally will be electrified by the end of the decade, up from 13% ... Read More »