Category: Economy

ATD Truck Beat: Heavy-Duty Truck Sales Continue to Improve

Look for commercial truck sales to continue improving the rest of the year and into 2021.

NADA Issues Analysis of Third Quarter 2020 Auto Sales

“Given the better than expected recovery in the new light-vehicle market, we estimate 2020 new light-vehicle sales to be higher, reaching 14.1 million units,” added Manzi.

NADA Market Beat: New Light-Vehicle Sales Up for Fifth Consecutive Month

New light-vehicle sales increased for the fifth straight month in September.

NADA Market Beat: New Light-Vehicle Sales Continue to Recover

August’s SAAR of 15.2 million units marked a 4.8% increase from July’s SAAR of 14.5 million units but is down 11% compared with August 2019.

NADA Market Beat: July Vehicle Sales Improve for Third Consecutive Month

The July SAAR totaled 14.5 million units, a decline of 14.4% compared with July 2019 but up from the SAAR of 13.1 million units for June 2020.

Protect Jobs and Speed Economic Recovery by Suspending the FET

As Congress considers the next phases of virus-related economic recovery legislation, it should include suspension of the FET on new trucks and trailers until the end of 2021.

ATD Truck Beat: Commercial Truck Sales Down 29.2% During First Half of 2020

As with most industries, truck sales the rest of the year will be dependent on the ability to control the spread of COVID-19.

NADA Issues Second Quarter 2020 Auto Sales Analysis

During this quarter, retail sales recovered much more quickly than fleet sales from the effects of the COVID-19 pandemic.

Dealerships Jobs Starting Climb Back From April Lows

New data out of the Bureau of Labor Statistics (BLS) shows that franchised dealerships added 80,200 jobs in May, an extremely encouraging sign for employment in U.S. automotive retail.

NADA Market Beat: June Vehicle Sales Increased to 13 Million SAAR

New light-vehicle sales in June improved compared to May but remain down significantly compared to this time last year.