Tag: Patrick Manzi

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.

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.

The Fleet Versus Retail Disconnect in May’s Sales Numbers

Fleet sales were down year-over-year by a whopping 72% in May, while retail sales only fell by 17%.

NADA Market Beat: May Sales Show Signs of Recovery

New light-vehicle sales showed signs of recovery in May, with a SAAR of 12.21 million units.

NADA Market Beat: April 2020 SAAR Falls to 8.6 Million Units

The April SAAR represents a drop of 47.6% compared to April 2019. Yet many industry watchers believe auto sales have bottomed out and are showing signs of recovery.

NADA Issues First Quarter 2020 Analysis of Auto Sales

As the first quarter of 2020 has come to a close, the National Automobile Dealers Association (NADA) issued an analysis of U.S. auto sales and the economy, including the initial impact of the COVID-19 pandemic on both.