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New Vehicle Sales

NADA Predicts 1.2% Decline in 2020 New Car Sales

Analysts found that, as in 2018, consumers continued to abandon car segments in 2019. Light trucks are on track to account for more than 70% of overall new-car sales for 2019, while cars will account for less than 30% of new-car sales.

November Sales Report Pushes 2019 Total Closer to 17M

The estimated seasonally adjusted annualized rate of U.S. new vehicle sales continues to hover around the 17 million-unit mark after several major manufacturers enjoyed year-over-year improvements in November.

Retail Incentives Reach Record High

Incentive spending is projected to reach $4,159 (up 6% or $246), the highest level ever for the third quarter and just $28 short of the all-time quarter high set in Q4 2017.

Liebert Out, Miller in as AutoNation CEO

AutoNation Inc. announced that CFO Cheryl Miller has been appointed president and CEO, replacing Carl Liebert, who joined the company in February. She becomes the first female CEO of a publicly traded automotive retailer.

Used Vehicle Sales Fall 3% in June

The used industry's seasonally adjusted annual rate (SAAR) was 39.8 million during June, down from the 41.1 million SAAR from the same time last year, according to Cox Automotive estimates.