Here's the Thing

New-car transaction prices reach record high

(January 5, 2015) IRVINE, Calif. — The analysts at Kelley Blue Book today report the estimated average transaction price (ATP) for light vehicles in the United States was $34,367 in December.  New-car prices have increased by $842 (up 2.5 percent) from December 2013, while rising $556 (1.6 percent) from last month. 

Oregon top moving destination of 2014, study finds

(January 2, 2015) ST. LOUIS — Oregon holds on to its title as "Top Moving Destination" and continues to pull away from the pack, while the Northeast loses residents for the third consecutive year. South Carolina and North Carolina are the second and third most moved-to states, according to United Van Lines' 38th Annual National Movers Study, which tracks customers' migration patterns state-to-state during the course of the past year.

TrueCar's December site traffic jumps 50% as car-buying process evolves

(December 31, 2014) SANTA MONICA, Calif. — TrueCar saw a year-over-year spike in unique visitor volume in December as more consumers accessed the site via mobile devices.  In fact, mobile users led the way with over 90 percent growth.

Unique visitors to TrueCar.com totaled 3.7 million in December versus 2.4 million a year ago. This increase coincides with reinvigorated consumer confidence that helped push TrueCar.com's unique visitor count to a one-day record high of nearly 200,000 on Dec. 27.

Corvette dominates in value retention for 2014 at 84.7 percent

(December 31, 2014) MCLEAN, Va. —  In their final vehicle retention value report for the year, NADA Used Car Guide analysts detailed the one-year performance of all-new, or heavily redesigned mainstream car and truck models.

"We saw some real big winners and losers this past year when it comes to used vehicle value retention," said Jonathan Banks, executive analyst at the NADA Used Car Guide. "The 2014 Corvette dominated other models by retaining 84.7 percent of its typically-equipped manufacturer suggested retail price, while the more practical Mitsubishi Mirage performed the worst, holding only 54.5 percent of its original MSRP."

Top Gear's James May choses 13 'most significant cars' of all time

(December 30, 2014) LONDON — James May has chosen the 13 most significant cars of all time for The London Classic Car Show… but is he right? It’s bold, controversial and bound to cause arguments… and that’s just the way BBC Top Gear’s May wants it.

May has stuck his neck on the line and has chosen what he regards are the 13 most influential cars of all time. The result is The Cars That Changed The World and it’s one of the star exhibits at the London Classic Car Show taking place at ExCeL in London’s Docklands Jan. 8-11.

Cars.com projects best December sales since 2006

(December 29, 2014) CHICAGO — Cars.com forecasts December light, new-vehicle sales will hit 1,510,500 units, up 11.3 percent from December 2013 and 16 percent from last month. This marks the highest December unit sales count since December 2006. A SAAR of 16.86 million is expected for the month.

Driving with drugs — AAA finds Americans confused and concerned

(December 29, 2014) WASHINGTON — With the recent legalization of recreational marijuana use in Colorado, Alaska, Oregon, Washington and the District of Columbia, safety advocates are increasingly concerned that drugged drivers pose a very serious threat to the safety of American road users. 

RateWatch: Personal auto insurance rates up 2.1% over last 12 months

(December 26, 2014) SANTA MONICA, Calif. — Personal auto insurance companies increased their rates by an average of 2.1% nationwide over the 12 month period from 4th quarter 2013 through 3rd quarter 2014. Homeowner insurers increased their rates by an average of 3.5% countrywide over the same period.

Ford F-150 maintains status as most shopped vehicle, AutoTrader reports

(December 26, 2014) ATLANTA — 2014 was once again the year of the truck for car shoppers, as the Ford F-150 retained its place as the most popular nameplate on AutoTrader.com across new, used and CPO vehicles.

Kelley predicts year-over-year sales to increase 9.8 percent

(December 24, 2014) IRVINE, Calif. — New-vehicle sales are expected to increase 9.8 percent year-over-year to a total of 1.49 million units, resulting in an estimated 16.7 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book kbb.com.

"While some vehicle sales may have been pulled forward during the start of holiday shopping in November, December sales remain strong with nearly double-digit growth expected for the industry," said Alec Gutierrez, senior analyst for Kelley Blue Book.