The King has Fallen – or at Least Stumbled: Camry Cedes Crown to Altima

Final March sales numbers are in and Nissan is elated to report that they have narrowly edged out both Toyota and Honda for the number one midsize car sales spot. Narrowly might be a slight understatement, 115 units was all that separated the Altima’s total 37,763 sales from the Camry’s 37,648.  Honda managed to secure the number three spot selling 36,449 units of their recently redesigned Accord, just a mere 1,314 shy of the number one Altima. Another contender in the midsize car sales fight comes from Ford with their also recently redesigned Fusion. Fusion sales totaled ...

Continue Reading →

2013 New York Auto Show – The Jeep Cherokee Is Back!

This year’s New York Auto Show had some exciting new product announcements to report on after a scarce lineup in Chicago earlier this year. This year’s show ushered in a slew of new redesigns and even resurrected a nameplate from the past. One of the most anticipated introductions came from Jeep which announced the return of the Cherokee nameplate for the 2014 model year.  Sitting on top of an Alfa Romeo based platform (shared with the Dodge Dart) the new Cherokee will be offered in both front and all-wheel drive versions backed by a 2.4L four cylinder engine or 3.2L Pentastar V6. & ...

Continue Reading →

Honda Sales Slip in February despite New Models

Honda brand sales decreased by 2.3% last month compared to the same period last year ending what had been a nine-month straight run on positive growth.  The unexpected decline in sales comes as a bit of a surprise because Honda had recently redesigned strategically important models which should’ve helped improve sales. When looking at the details, sales weren’t all that bad for Honda last month.  Of the brand’s highest volume vehicles, both the new-for-’13 Accord and redesigned-for-’12 CR-V were up an impressive 35% and 16.5%, respectively. The disappointment fell on the ...

Continue Reading →

Suzuki Bankruptcy Update: Where are Values Now?

It’s been four months now since the American Suzuki Motor Corporation announced last November that they would be going through Chapter 11 bankruptcy and eliminating what’s left of its automotive sales division here in the US. Here’s a quick look at how Suzuki sales fared over the past decade, along with a review of how their used vehicle values have trended following the bankruptcy announcement. The chart below shows a ten year recap of Suzuki sales here in the US.  As we can see, Suzuki sales were steadily improving throughout the early part of the last decade before peaking in 2007 whe ...

Continue Reading →

Rising Gas Prices: It’s That Time of Year – Again

The passing of the first quarter of a given year brings with it some inevitable certainties – the progressive challenge of sticking to one’s New Year resolutions, the start of MLB spring training, March Madness and…an acute rise in gasoline prices. While the annual passing of the first three points has been in existence for numerous decades, the same can’t exactly be said for the large bounce in gas prices. From 1992 – 2004, gas prices increased by an average of 13 cents from the beginning of the year to the start of the summer. However, from 2005 – 2012 gas prices grew by an average of ...

Continue Reading →

2013 Chicago Auto Show – Toyota’s Tundra King of the Show

This year’s Chicago Auto Show was a bit scarce in terms of new product announcements, although there were a few notable releases hailing from around the globe with the most significant unveiling being the 2014 Toyota Tundra. Undergoing its first major redesign since the current generation was first introduced back in 2007, the 2014 edition of the Tundra will sport a more aggressive front end and an interior that has been given more luxurious appointments --- a direction it seems that all full-size truck manufacturers are taking. Powertrain options were not discussed, but you can expect c ...

Continue Reading →

And We’re Off: 2013 NADA Convention & Expo/Chicago Auto Show

It’s that time of the year again as we prepare for the annual NADA Convention & Expo in Orlando! The convention kicks off on February 8th and is set to run through the 11th. 2013 is a special year because we are celebrating our 80th year of NADA values and look forward to what the next 80 will bring us. We have a lot planned for the convention and will be showing off our newest product, NADA MarketValues. NADA MarketValues is a new mobile app designed for dealers and available for iPhone® and iPad®. The new app will include weekly NADA auction values, as well as monthly trade-in, loan ...

Continue Reading →

The “New” Lincoln Motor Company: Super Bowl Bound

Over the course of the past two months Lincoln has launched a brand rebirth campaign led primarily by a slew of TV commercials and social media ads targeting luxury segment buyers. Lincoln plans to up the ante even more by advertising for the first time ever during the Super Bowl. The minute long ad is going to cost around $8 million and it’s estimated that it will be seen by over 100 million people. So far the overall take away from the first series of ads delivered by Lincoln hints at the notion that they aren’t trying to take over the luxury marketplace by becoming a volume leader, but rat ...

Continue Reading →

2013 Detroit Auto Show Recap

The overall atmosphere at the 2013 Detroit North American International Auto Show was electric across the board. After a few lackluster years, attendance felt like it was up and better than ever. The overall industry sentiment appeared to be loudly calling for an even better sales year in 2013 and with all the new product deployments planned over the next year or so I would have to agree. The show kicked off early Monday morning by naming the Cadillac ATS and Ram 1500 as North American Car and Truck/Utility of the year, making this the third year in a row that domestic manufacturers have cl ...

Continue Reading →

2013 Detroit Auto Show Preview

We’re gearing up this week in anticipation of the annual Detroit North American International Auto Show press preview which begins on January 14th at the COBO Center. This year’s show should be very exciting as there are a lot of new product announcements expected. The press conference schedule shows a broad array of vehicles being introduced across all segments. After 2012’s standout new vehicle sales performance the atmosphere at this year’s show should be electrifying. Looking at actual production vehicle debuts, as far as I’m concerned the most anticipated unveiling will be the iconic ne ...

Continue Reading →

 

    

LIVE CHAT
Search Blog
ARCHIVE