Ford Reports 2% Decline in Sales for 2022

The Detroit automaker sold 1.86 million vehicles in 2022, down from 1.91 million in 2021.

New Vehicle Sales Plummet to Record Lows in 2022

Sales of new automobiles plunged to under 14 million vehicles in 2022, the lowest since 2011, reports Kelley Blue Book.

Slim Inventory and High Prices to Cause Dip in January Vehicle Sales

Industry analysts predict U.S. auto retail sales will dip in January as manufacturing slows.

Average Age of Vehicles on the Road Increases

IHS Markit finds the average age of a car on U.S. roads rose to 12.1 years in 2021, up from 11.9 years in 2020. In comparison, the average age was 9.6 years in 2002.

New Vehicle Sales to Fall 25% in U.S.

U.S. new vehicle retail sales are expected to drop 888,900 units in September, from 1,182,788 a year ago.

NADA Predicts 1.2% Decline in 2020 New Car Sales

The National Automobile Dealers Association estimates U.S. new vehicle sales will fall to 16.8 million units as internal and external forces reshape the auto retail industry.

November Auto Loan Interest Rates Hit 21-Month Low

Edmunds analysts say Black Friday promotions helped suppress new auto loan interest rates last month, registering a year-to-date low of 5.5% and an 8.3% year-over-year decline.

KBB: Average New-Vehicle Prices Rise to Record High in December

Business Leaders Cautiously Optimistic About Trump, Economic, Auto Sales

S&P/Experian: Auto Default Rate Registers Largest Increase Since December 2011