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Dealers had a very profitable start to the year

Typical dealer margins grew strongly year on year in January, according to data just released by NADA.Net profit before tax of an average dealership rose 24.6  percent year-on-year in January to an average margin of 2.1 percent.  That was just below the 2.2 percent recorded for 2...
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Ally’s index remained positive for 7th consecutive month

The Ally Auto Health Index fell to 0.62 in February from 0.76 in January, but remained positive for the seventh consecutive month. Auto sales rose to 15.3 million SAAR in February from 15.2 in January and sales have remained above 15.0 million SAAR for the past four months. The lower readi...
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A little ‘spring forward’:Anderson Economic Group’s March 2013 Economic Dashboard

February 2012 saw a slight dip in the unemployment rate (7.7%), down 0.2 percentage points from the prior month.February’s overall retail spending fell just slightly from the prior month, but spending in the automotive sector was up 5.2%. Year-over-year spending increased in both categor...
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Anderson Economic Group’s Economic Dashboard February 2013...steady as she goes

2013 started with a small step backwards on the employment front, with an unemployment rate of 7.9%, up by 0.1 points from December’s mark.This isn’t of great concern as temporary holiday hiring typically ends in January and causes a small uptick in the job-hunting population.  Ja...
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Anderson Economic Group Dashboard

Dealership principals expect 14.9 million market in 2013

Recent data show a slow but sure economic recovery unfolding with enough momentum to avoid stumbles related to Superstorm Sandy and Fiscal Cliff concerns.The unemployment rate for December was 7.8%, the same rate seen in November and 0.1 points down from October.The number of Americans see...
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Nine lean years ahead - forecasters say market won't reach 16 million again "any time soon"

The Center for Automotive Research (CAR) expects U.S. auto sales to grow by single digits each year until 2022, hampered by slow economic recovery and higher-than-normal unemployment. The Ann Arbor, MI-based CAR is a non-profit organization researching significant issues relating to t...
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KBB’s resale champs: Toyota and Lexus

How much were the Toyota and Lexus brands damaged by the recall crisis of 2010? By at least one measure — the KBB Best Resale Value Awards — not very much. The Toyota Motor Corp. brands dominated the 2013 awards with 12 models taking top honors.KBB’s awards measure how well...
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The latest NADA data: Slower growth in new-vehicle selling prices cuts into average dealership margins

Net profit before tax at the average dealership fell 11.4 percent year-on-year in September 2012 according to the latest update of NADA’s Dealership Financial profiles.The average store is up 9.2 percent for the first three quarters of 2012 compared with the same period last year – but...
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Next stage of market: Tepid growth

Dataium, the aggregator of online activity among new-car shoppers expects “tepid growth in auto demand.”Dataium aggregates billions of auto shopper behavioral events from over 20 million active auto shoppers to generate its monthly ASI (Automotive Shopper Intensity) index. The index fo...
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Can car sales predict a presidential election?

BY MARK PAUZE, SENIOR SOLUTIONS CONSULTANT, R.L. POLK & CO.

As the U.S. presidential campaigns gear up for their final drive toward election day, I thought it would be interesting to take a look at automobile sales by state to see if the growth rate within swing states might give an indication of the potential outcome of the presidential race.The a...
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