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New Vehicle Sales

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.

New Vehicle Sales Down 2.3% in April

U.S. new-vehicle dealers sold 1,328,649 cars and light trucks in April, a 2.3% year-over-year decline and a full 3% loss to start the year compared with the first four months of 2018.

Depreciation Costs Decline, Now 32.9% of TCO

Vehicle depreciation accounted for 32.9% of the total cost of ownership over the past 12 months, which continues a three-year trend of declining depreciation costs, according to a new study from Motus.

New Vehicle Sales to Fall 7% in March: Cox

Following a lower-than-expected February, Cox Automotive is forecasting March U.S. auto sales volume to hit 1.547 million, an increase from last month, but a nearly 7% decline from March 2018.

New Vehicle Sales Dip 2% in February

The industry will sell approximately 1.27 million new cars and trucks in February, representing a 2.2% decrease from a year ago, according to an Edmunds forecast.

ALG Projects 17M New Vehicles Sold in 2019

Vehicle manufacturers will sell 17 million new vehicles in 2019, which would represent only a 1.3% decline from a year that recorded a third consecutive year of more than 17 million new vehicles sold, according to Oliver Strauss, chief economist for TrueCar’s ALG.