David Paris's Articles

2014 New York International Auto Show Preview

Members of NADA Used Car Guide’s valuation staff are eagerly gearing up to attend the annual New York International Auto Show (NYIAS), which kicks off next week at the Jacob Javits Center in downtown New York City. Press preview days begin on Wednesday, April 16 and will run through Thursday; on Friday, the show will transition to public days which run through April 27. Prior to the press days, the NYIAS is hosting the 2014 Automotive Forum on Tuesday, April 15, sponsored by NADA and J.D. Power. This one-day event brings together leaders from OEMs, suppliers, retailers and the med ...

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Update: GM Ignition Switch Recall and Wholesale Auction Prices

When first announced in mid-February, GM stated that about 800,000 vehicles were affected by the ignition switch recall. Shortly after, the figure doubled and then grew again later in the month to a total of about 2.6 million 2003-2011 Chevrolet, Saturn and Pontiac compact models. On April 7, GM started making repairs on vehicles affected by the faulty part. Officials at GM say that the actual replacement process only takes about a half hour, but because of the sheer number of impacted vehicles, the repair could take weeks or even months due to limited availability of replacement parts. ...

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Despite Recall Woes, GM Sales up 4.1%, Cadillac down 6.3%

GM has had a rough couple of weeks. Starting in February, the automaker started mass recalls stemming from faulty ignition switches. Despite all of the unfavorable media attention, though, GM actually managed to increase new sales in March by 4.1%. Sales for GM’s Buick and GMC brands were up by respective figures of 13.4% and 7.4%, and even controversy-stricken Chevrolet saw a gain of 3.3%. While sales were up for all of GM’s mainstream brands, the same can’t be said about its luxury division Cadillac, where sales fell by 6.3%. Taking a closer look, sales for ...

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Toyota Tops in Retention Values among Trucks and SUVs

Toyota Motor Corporation has some of the highest retaining three-year-old trucks and SUVs, according to our latest edition of NADA Perspective, a special report focusing on used vehicle price performance. Of the 10 segments analyzed in the report, Toyota produced models in nine of them, and of those, Toyota and Lexus models ranked among the top three spots in every single one. In the mainstream sector, Toyota topped three of the six segments: mid-size utility with the 4Runner at 79.8%, mid-size pickup with its Tacoma at 80.7% and large-pickup with the Tundra at 71.6%. Another of the ...

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Temporary Layoffs Commence as Dodge Dart Sales Slip 37% in February

Disappointing sales of the Dodge Dart led to a weeklong layoff for 325 employees at the Belvidere Assembly Plant in Northern Illinois last week. Chrysler Group confirmed the layoffs on March 3 shortly after releasing depressed February sales figures showing an 11% decline of all Dodge deliveries, and an even worse 37% decrease for the Dart. Officials at Chrysler used the weeklong layoff to balance lofty vehicle supply with slowing demand. Through the first two months of the year Dart deliveries were down by 33% compared to 2013, and days’ supply has averaged 127 days. These are di ...

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The All-New 2015 Chrysler 200: Poised to Shed its Rental Car Image

  During the 2014 North American International Auto Show in Detroit earlier this month, Al Gardner, President and CEO of Chrysler brand, introduced the second generation 2015 Chrysler 200 and also gave a glimpse at the brand’s new face and overall product direction. Gardner described the new 200 as the brand’s flagship car and as such one requiring a  “flagship manufacturing facility” like  the all-new $1 billion Sterling Heights Assembly Plant (SHAP) where the new model will be produced. Chrysler brand is confident that its large cash investment ...

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Sneak Peak: 2014 North American International Auto Show

We’re gearing up this week in anticipation of the annual North American International Auto Show held in Detroit at the COBO Center. Press days for this year’s show begin on Jan. 13 and the event promises to be very exciting with a number of popular new product announcements expected. Looking at actual production vehicle debuts, the most anticipated unveiling will be the next generation 2015 Ford F-150. Ford has been good about keeping the details of the new full-size a secret, but we do expect it to closely resemble the Atlas concept unveiled at last year’s show. It&rs ...

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Mercedes Outpaces BMW to Claim 2013 Luxury Crown

After two years of luxury sector domination by BMW, the king has officially fallen. Mercedes-Benz is the 2013 U.S. luxury segment ruler thanks to a narrow 3,228 unit lead over BMW. According to data from WARDSAUTO.com , the Mercedes brand (sans Sprinter) managed to sell 312,508 units compared to BMW’s still impressive total of 309,280 units. To say the race between the two brands was competitive is a bit of an understatement. For most of 2013, the race was more a game of cat and mouse; when one brand pulled ahead, the other was right behind. While Mercedes eventually claimed the crown ...

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General Motors Sales Ignite in November

Looking at November new sales, all of General Motors’ (GM) brands saw significant increases, with GMC reporting the biggest of the month as sales grew by 20%. The largest contributor towards GMC’s success was the performance of two models in particular: Acadia and Sierra deliveries increased by 108% and 23%, respectively, which accounted for the lion’s share of total brand sales. For Buick, sales increased by 13%, mainly because of the all-new Encore, introduced in Jan. 2013, which accounted for 2,663 additional sales for the brand. GM’s volume leader Chevrolet m ...

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GM Makes Timely Return to Mid-Size Pickup Segment with Chevrolet Colorado

Back in 2000, there were eight mid-size pickup models on the market. Today there are only three with Toyota's Tacoma and Nissan's Frontier comprising the lion's share of new deliveries and Honda’s Ridgeline with the smallest piece of the pie. As a percentage of total new vehicle sales, mid-size pickups were responsible for 6.2% of all deliveries in 2000, although by the end of last year the segment's share had fallen to just 2%. Recent sales show that through October of this year share has fallen even further, reaching a scant 1.6%. The falloff in new vehicle sales ...

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