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2011 Auto Sales Could Reach Highest Total Since 2008

Automotive sales have slumped over the past few years, but analysts at TrueCar and Edmunds predict that by the end of 2011, new car sales could reach 12.8 million units, the highest total since 2008. “This year new car sales are up year over year for every major automaker except Honda and Toyota with Hyundai/Kia sales expected to rise the most at almost 28 percent,” said Kristen Andersson, automotive analyst at TrueCar.com. The natural disasters in Japan ... continue reading»

Tags: News, Sales Data, Sales Trends, new car incentives

Good October Sales May Mean Better Future Car Prices

Though official U.S. October car sales numbers won’t be available until the beginning of November, analysts are predicting that this month’s increased car sales will mean better new-car prices for car shoppers in coming months. BMW, Mercedes-Benz, Hyundai/Kia and Volkswagen are all seeing a sales growth in October over last month, according to Auto Observer. Though General Motors’ overall October sales are down by 3 percent, Chevrolet is having its best third quarter sales in a ... continue reading»

Tags: News, Sales Trends, new car prices

Mixed June Sales Forecasts Mean Buyers Should Wait

The final numbers for June auto sales aren’t out yet, but analysts are forecasting a mixed bag.  According to Edmunds, Chrysler, Ford, GM and Nissan are expected to beat their June 2010 sales, but Honda and Toyota should see their June 2011 sales fall compared to the same month a year ago. Part of the reason for the mixed bag is inventory problems. “I was looking at the actual number of vehicles available for sale on dealer lots,” writes ... continue reading»

Tags: Analysis, Sales Data, Sales Trends, car deals

Car and Truck Sales Likely Improving

Though official sales numbers likely won’t be released until later this week, it looks like June car and truck sales have rebounded after an ominous dip in May. Analysts expect sales reports for June 2011 to be better than both May 2011 and June 2010, as the industry sheds the effects of Japan’s March earthquake and sky-high gas prices. Though May sales slumped by about 3.7 percent from April 2011, according to the Wall Street Journal. J ... continue reading»

Tags: News, Sales Data, Sales Trends

Cool Small Cars Lead to Hot Sales

Small cars are finally getting some respect from consumers. In May, small cars were the second most popular type of vehicle sold in the U.S. with a market share just 0.7 percentage points behind SUVs, the  most popular vehicle category in May. “Small cars are becoming more fashionable now,” says Jesse Toprak, vice president of industry trends and insight at TrueCar.com. “The biggest change in the last three years has been the fact that before then, you ... continue reading»

Tags: Analysis, Sales Trends, Affordable Small Cars

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