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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.

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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.

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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.

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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.

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Wholesale Prices Down in May, Auction Volume Growing

Wholesale prices declined in May, while auction volume continues to grow.

Wholesale prices for used vehicles up to 8 years old fell 1.7% month-over-month in May, a level that’s typical for this time of year, according to J.D. Power’s June Used Car and Light Truck Guidelines. Auction volume up 12% month-over-month, 2.6% year-over-year.

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Most Recalled Used Cars Identified

The most and least recalled vehicles have been identified, which include the 2016 GMC Sierra SLT...

The Mercedes-Benz C-Class topped a list of the most recalled cars in recent model years, while the Hyundai Accent was the least-recalled vehicle during the same period, according to a report on ISeeCars.com.