Here's the Thing

NADA: Economic conditions jell for car sales to hit nearly 14 million

(February 7, 2012) LAS VEGAS — Sales of small cars, SUVs and other light trucks will lead the way toward what Paul Taylor, chief economist of the National Automobile Dealers Association, predicts is a rebuilding year for the auto industry resulting in 13.945 million new cars and light trucks purchased and leased in 2012.

Fulfillment of that forecast in 2012 will mark the third consecutive year of rising new vehicle sales. In 2009 the auto industry, like the rest of the U.S. economy, hit a roadblock and only 10.4 million new cars and trucks were sold, down from 13.2 million units in 2008. In 2010 the sales grew to 11.55 million and in 2011 another boost brought the figure to 12.7 million.

AutoTrader tracking finds Hyundai got most instantaneous bang for ad buck

(February 6, 2012) ATLANTA — AutoTrader.com annually tracks Super Bowl game advertising determing what advertisements drive consumer online shopping behavior. Using a methodology that identifies the real-time correlation of advertising value to car manufacturers' ad spots, AutoTrader.com provides a visual representation of shopper vehicle search with a corresponding time stamp, along with the car make and model, from the automotive ads that ran from 5 p.m. to 10 p.m. ET on Sunday.

Used car prices will continue to rise, NADA says

(February 6, 2012) LAS VEGAS — Increasing demand and a drop in the supply of used cars and trucks will lead to higher used vehicle prices in 2012, says Jonathan Banks, executive automotive analyst with the National Automobile Dealers Association (NADA) Used Car Guide.

"Consumers shopping for either a new or used vehicle will benefit this year from higher trade-in values along with loosening credit," Banks said at a press briefing during the NADA Convention and Expo in Las Vegas. "For dealers, reliance on customer trade-ins will increase as they strive to meet the challenges of growing demand in a supply-constrained market."


NADA study finds many dealers not convinced facility upgrades cost effective

(February 5, 2012) LAS VEGAS — While new-car dealers see value in having clean and modern facilities, many have questions and, in a significant number of cases, are not convinced that the factory upgrades they are being asked to do will result in an increased return on investment, according to a new study by Glenn Mercer issued Saturday at a press briefing during the 2012 NADA Convention and Expo in Las Vegas.<

Transaction prices fall in January after four months of gains

(February 4, 2012) SANTA MONICA, Calif. — TrueCar.com has estimated that the average transaction price for light vehicles in the United States was $30,512 in January, up $1,731 (6 percent) from January 2011, but down $174 from December.

Top five fibs in car ads exposed

(February 2, 2012) SANTA MONICA, Calif. — Super Bowl car ads can be fun to watch, but if you are shopping for a new car you'll want to watch for the tricks that marketers pull off so effectively. Edmunds.com exposes some of these illusions in its new consumer advice story, "Five Ways Car Ads Can Lie."

Super Bowl cities have divergent automotive tastes, TrueCar finds

(February 1, 2012) SANTA MONICA, Calif. — In the time-honored battle to see who is the best football team in the nation, the Super Bowl XLVI match-up of east coast powerhouses, the New England Patriots and the New York Giants, is truly represented in their divergent automotive choices.

Kelley says Chevy Sonic, Honda CR-V to get big boosts from Super Bowl ads

(January 31, 2012) IRVINE, Calif. — Kelley Blue Book today reports its predictions for automaker ad supremacy during this year's Super Bowl. On game day Sunday, Kelley Blue Book anticipates that the 2012 Chevrolet Sonic will receive the greatest lift with a nearly 250 percent increase in traffic share on kbb.com. 

The model is relatively new, so it stands to benefit from increased national exposure.  It also competes in the subcompact sedan segment, which is in high demand for its fuel economy and affordability. 

Survey finds new-car dealers most satisfied with Hyundai, Subaru and Lexus

(January 30, 2012) McLEAN, Va. — New-car dealer satisfaction with their respective auto manufacturers continued to increase in 2011, according to the National Automobile Dealers Association’s (NADA) latest Dealer Attitude Survey.

The survey, conducted twice a year, measures dealer sentiment in three key areas: franchise value, automaker policy decisions that affect the dealership and the automaker’s field staff who visit dealerships. Nearly 54 percent of new-car dealers nationwide, representing more than 14,700 franchises, responded to the 2011 summer survey.

Analysts see Chrysler up 35 percent over January 2011

(January 27, 2012) SANTA MONICA, Calif. — An estimated 866,655 new cars will be sold in January, for a projected Seasonally Adjusted Annual Rate (SAAR) of 13.4 million units, forecasts Edmunds.com. This sales pace is relatively flat from the 13.5 million SAAR recorded last month, but up from the 12.6 million SAAR from January 2011.