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New Vehicle Prices Up 2% in June: KBB

The demand for trucks and SUVs are a large factor driving up average prices for new vehicles.

Although new-vehicle sales are expected to contract in the coming months, the average price for those vehicles is expected to rise, thanks in part to the continued shift in demand toward larger vehicles.


Stage Set for New-Vehicle Sales Contraction: Edmunds

Auto loan interest rates in June likely reached their highest level in nine years, Edmunds reported, a week after saying a strong economy is likely masking market factors bubbling just below the service that could start to slow down sales.


Used Fleet Vehicle Prices Rise Incrementally

Fleet vehicles are faring well in the used wholesale vehicle market, according to Tom Kontos.

Wholesale vehicle prices for former fleet vehicles at auction increased 0.8% in May from April and have increased 6.8% from a year ago in a "seasonally strong" market, according to Tom Kontos, KAR Auction Services' chief economist.


New-Vehicle Retail Sales Rise 5% in May

While new-vehicle sales were up in May, there were fewer people reporting that they would be...

New vehicle retail sales increased 5% year-over-year in May, however, the amount of people reporting that they’ll buy a new vehicle in the second half of 2018 is on the decline, according to Cox Automotive’s June 2018 Industry Update.


First-Half 2018 Retail Sales Weakest in Four Years

Consumers purchased 1.2 million fewer vehicles in June 2018 than they did in June 2017.

Consumer are on pace to spend $38.9 billion on new vehicles in June, which is $1.8 billion more than last year’s level. The increase should more than offset the 0.6% decrease in new-vehicle sales for the month, which are expected to total 1.2 million units.


ADESA's Online Sales Increase 7% in Q1

Courtyard of KAR Auction Services headquarters. ADESA, part of the KAR Auction Services family,...

The wholesale industry is in the early stages of a digital transformation that's boosting sales at ADESA, KAR Auction Services CEO Jim Hallett said earlier this month. Online sales have driven 7% in overall volume growth during the quarter, and have helped offset waning sales at physical auctions.