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New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.
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Nearly all new vehicle sales for every segment in South America deteriorated sharply during April 2017, with the exception of medium commercial vehicles.
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New-vehicle sales are expected to increase 3% year over year to 1.63 million units retailed in March 2017, resulting in an estimated 17.4 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book.
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New-vehicle sales are expected to be down 3% compared to the same time last year, for a total of 1.3 million retail and fleet vehicles sales during February, which lowers the estimated seasonally adjusted annual rate (SAAR) to 17.1 million compared to February 2016’s 17.6 million SAAR.
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The average fuel economy for new vehicles sold in the U.S. rose to 25.1 mpg.
Read More →Mitsubishi Motors Corporation (MMC) global sales volume during the cumulative three quarters in FY16 declined to 673,000 units, according to the company's third quarter financial statement. This is 15% lower than the same period of last year.
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The industry is expected to sell 1.13 million new vehicles in January, a 3% decline over the same time last year, and a 33% decline from the month before, according to Kelley Blue Book, resulting in a seasonally adjusted annual rate (SAAR) of 17.4 million.
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New light-vehicle sales, including fleet, will increase by approximately 8% year-over-year, to reach a total of 1.66 million units in March. Additionally, the SUV and crossover segment experienced an estimated 23.1% growth for 2016, according to Kelley Blue Book.
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Strong truck and SUV sales boosted the estimated average transaction price (ATP) for retail light-duty vehicles in the U.S. to $34,112 in January, up by approximately ($919) from prices a year ago resulting in a 2.8% increase.
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The average fuel economy of new vehicles sold in the U.S. in December fell 0.2 mpg to 24.9 mpg from the revised value for November, according to the University of Michigan's Transportation Research Institute.
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