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Average transaction prices broke the $50,000 barrier, driven by wealthier buyers and higher-end vehicles.
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Johnson’s addition to the board will add someone who has a deep understanding of the automotive landscape and how companies use data and technology in their operations, the company added.
Read More →Over the past four years vehicle depreciation rates have remained below 14% for two- to six-year old vehicles, but that is anticipated to change for 2016. In 2016, depreciation rates are expected to climb to 15%. Further analysis of the market shows how cars, SUVs, and trucks fared in 2015.
Read More →IRVINE, CA – Used-vehicle values were flat through the month of October, depreciating 0.1 percent on average. While values have been steady for the past two months, most are considerably higher than they were this time last year.
Read More →But sales are declining as car shoppers face limited inventory, high prices and historically low incentives.
Read More →However, new-vehicle sales slowed notably in May, falling to 15.6 million from 17.3 million in April.
Read More →Subaru earned Kelley Blue Book's award for the mainstream brand category.
Read More →The growth of electrified vehicle sales in the U.S. is a result of more product availability and wider consumer acceptance.
Read More →Second quarter numbers show emerging competition for buyer choices as more models enter the market.
Read More →Tight new-vehicle supply puts upward pressure on new-vehicle transaction prices. Affordability hits 10-year low in July.
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