Used Car NewsUsed Car News

  • ABG 73.00 -0.37 - -0.52%
  • AN 61.45 -0.48 - -0.84%
  • CACC 125.05 -0.35 - -0.29%
  • CAR 59.76 -0.06 - -0.10%
  • CARZ 40.79 -0.08 - -0.20%
  • CPRT 39.50 -0.28 - -0.80%
  • CPSS 8.02 -0.02 - -0.26%
  • CRMT 45.00 -0.81 - -2.12%
  • DAI N/A - N/A
  • F 17.71 -0.02 - -0.11%
  • FIATY 0.00 -0.13 - -1.23%
  • GM 38.00 +0.02 - +0.05%
  • HMC 35.85 -0.02 - -0.06%
  • HTZ 29.62 -0.04 - -0.14%
  • KAR 35.30 -0.41 - -1.33%
  • KMX 54.99 -0.49 - -0.94%
  • LAD 94.85 -0.93 - -1.02%
  • MZDAF 0.00 0.00 - 0.00%
  • NSANY 0.00 -0.053 - -0.27%
  • PAG 49.50 -0.30 - -0.61%
  • SAH 27.00 -0.18 - -0.68%
  • TM 124.00 -0.24 - -0.20%
  • TRAK 39.30 +0.47 - +1.24%
  • TSLA 222.40 +0.5199 - +0.24%
  • TTM 42.48 -0.37 - -0.88%
  • VLKAY 0.00 -0.76 - -1.53%
  • VROM N/A - N/A

Featured News

BMW Recalls Vehicles for Airbags
BMW is recalling 573,935 model year 2000 323i sedans, coupes, convertible, and Sports Wagons; 2000 3...

Read more

CFPB Adds Narratives to Complaints
The Consumer Financial Protection Bureau is proposing a new policy that would empower consumers to p...

Read more

Depreciation Returns to Normal
Depreciation rates on used vehicles are nearing levels not seen since the recession, though the tren...

Read more

Dealers Settle with State - Again
The New Jersey Division of Consumer Affairs has obtained a settlement of $1.8 million, plus consumer...

Read more

BMW Recalls Vehicles for Airbags
CFPB Adds Narratives to Complaints
Depreciation Returns to Normal
Dealers Settle with State - Again

Used Car News | Home

New Car Sales Set to Slow

kelleyThrough the first three weeks in October, the seasonal fourth-quarter slowdown in new-car sales clearly is in full effect, according to Kelley Blue Book.

Kelley Blue Book expects new-vehicle sales to drop to 14.7 million seasonally adjusted annual rate (SAAR) in October, after hitting 14.9 million last month. Analysts expect declines in both fleet and retail sales.

Fleet sales likely will decline 20,000 to 25,000 units overall, while retail sales will drive the remaining decline.

Although sales have dropped month-over-month, they remain high compared to this time last year. Sales will improve 10.7 percent versus October 2011, led by strong sales of fuel-efficient compact cars.

Kelley Blue Book expects compact cars such as the Honda Civic, Hyundai Elantra and Ford Focus to increase nearly 44 percent in October, coinciding with the highest fuel prices on record for this time of year.