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Edmunds Press

Latest news from Edmunds Press with daily update to provide the family news, health news, online news, world news, sports news, video news, food news, national news, politics news and many more from Edmunds Press.



used vehicle prices hit record high, according to latest edmunds used car report

santa monica, ca — june 12, 2018 — shoppers seeking bargains on used vehicles might find them harder to come by when they head to the dealership this summer, according to the latest used car report released by the experts at edmunds. in the first quarter of 2018, the average transaction price for a used vehicle was $19,657. this reflects a 2.2 percent increase in sales price from the first quarter of 2017 and a 17.6 percent increase from the first quarter of 2013. edmunds experts attribute this increase i to the ever-growing supply of near-new vehicles coming off-lease and a greater demand for vehicles of all sizes and ages, thanks to shifting market factors. "used-car shoppers are typically more price-sensitive to changes in the market, but this is the first time in years that we're...





gas prices hit four-year high, consumers in the midwest show most concern, new edmunds trend report reveals

santa monica, ca — june 06, 2018 — following a three-year period of relative stability, gas prices reached their highest point in four years in may, with a gallon costing motorists an average of $2.90. according to a new trend report released by the experts at edmunds, car shoppers aren't letting these rising costs deter them from buying the cars they want — notably, trucks and suvs. "on the surface it may seem as though rising gas prices could be the catalyst to flip the market from suvs back to passenger cars, like we saw in 2008," said jeremy acevedo, edmunds manager of industry analysis. "however, we're in a much different climate than we were 10 years ago. the economic and market factors are so much stronger now that shoppers are likely to absorb these extra costs without c...





gas prices hit four-year high, consumers in the midwest show most concern, new edmunds trend report reveals

santa monica, ca — june 06, 2018 — following a three-year period of relative stability, gas prices reached their highest point in four years in may, with a gallon costing motorists an average of $2.90. according to a new trend report released by the experts at edmunds, car shoppers aren't letting these rising costs deter them from buying the cars they want — notably, trucks and suvs. "on the surface it may seem as though rising gas prices could be the catalyst to flip the market from suvs back to passenger cars, like we saw in 2008," said jeremy acevedo, edmunds manager of industry analysis. "however, we're in a much different climate than we were 10 years ago. the economic and market factors are so much stronger now that shoppers are likely to absorb these extra costs without c...





parents magazine and edmunds name the 10 best family cars of 2018

new york, n.y. — june 05, 2018 — parents magazine and the car shopping experts from edmunds today revealed their 2018 list of the 10 best family cars, a reliable resource for families considering a new car purchase. for the 11th consecutive year, the parenting and car experts from both organizations partnered to evaluate more than 300 vehicles, narrowing down the list to the 10 models that offer the best value, safety features, driving performance, and family-friendly elements on the road."the family car is one of the most important purchases parents will make, and it's no longer simply for getting from point a to point b — it's everything from mom's me-time to kids' entertainment," said liz vaccariello, editor-in-chief of parents. "we spend hours of precious time in our cars ...





auto loan interest rates hit nine-year record high, according to edmunds

santa monica, ca — june 01, 2018 — auto loan interest rates are expected to hit record highs not seen since 2009 in may, according to the car shopping experts at edmunds. the annual percentage rate (apr) on new financed vehicles averaged 5.75 percent in may, compared to 5.04 percent in may 2017 and 4.17 percent in may 2013. while it may seem counterintuitive, edmunds analysts say this spike in auto loan interest rates is having a positive influence on the automotive market — at least for now. "higher interest rates appear to be incentivizing car shoppers, which is likely why we've seen stronger than expected sales so far this year," said jeremy acevedo, edmunds' manager of industry analysis. "since interest rates have been creeping up all year, shoppers are likely thinking it's...





auto sales expected to lift in may, edmunds forecasts

santa monica, ca — may 23, 2018 — edmunds forecasts that 1,565,683 new cars and trucks will be sold in the u.s. in may for an estimated seasonally adjusted annual rate (saar) of 16.7 million. this reflects a 16 percent increase in sales from april 2018 and a 3.5 percent increase from may 2017. "the summer selling season is off to a healthy start," said jeremy acevedo, edmunds manager of industry analysis. "despite rising gas prices, shoppers are clearly demonstrating their confidence in the strength of the economy as they continue to seek out larger, more expensive vehicles." edmunds experts note that memorial day sales events could contribute to this lift as well. "inventories of in-demand vehicles such as light trucks are still running high, so automakers are motivated to make t...





auto loan interest rates sustain post-recession highs in april, according to edmunds analysis

santa monica, ca — may 01, 2018 — in april, interest rates on new vehicle loans remained at elevated levels not seen since before the 2009 recession. according to the analysts at edmunds, the annual percentage rate (apr) on new financed vehicles averaged 5.6 percent in april, marking the third straight month rates soared above five percent. this compares to an average apr of 5 percent in april 2017 and 4.2 percent in april 2013. edmunds experts say that consumer wallets are being squeezed in other areas as well. the average monthly payment on new vehicles averaged $535 in april compared to $509 in 2017 and $463 in 2013. the average amount financed increased to $31,318 in april compared to $30,315 last year and $26,679 in april of 2013. down payments also increased, reaching $3,911 in a...





auto sales expected to dip in april, edmunds forecasts

santa monica, ca — april 25, 2018 — edmunds, the leading car shopping and information platform, forecasts that 1,335,313 new cars and trucks will be sold in the u.s. in april for an estimated seasonally adjusted annual rate (saar) of 16.9 million. this reflects a 19 percent decrease in sales from march 2018 and a 6 percent decrease from april 2017. analysts note that there were 24 selling days in april this year, compared to 26 last year."april's sales slip may seem disheartening, but the spike we saw in march was an anomaly considering our expectations for 2018," said jessica caldwell, edmunds executive director of industry analysis. "overall, we expect april will still be a solid month and more of a true indicator of where sales are trending for the year as demand declines and in...





rising interest rates, vehicle prices can cost car shoppers thousands more to finance new vehicles in 2018, according to edmunds

santa monica, ca — april 12, 2018 — consumers who may be considering freshening up their driveway with a new car this spring may experience sticker shock if they're heading to the dealership for the first time in a few years, according to the car-shopping experts at edmunds. thanks to a combination of rising interest rates, longer loan terms and higher average transaction prices, edmunds experts say on average, a buyer could pay more than $6,500 to purchase a new vehicle than they did five years ago. during the first quarter of 2018, interest rates on new-vehicle loans grew sharply each month, culminating in an annual percentage rate (apr) average of 5.7 percent in march 2018, compared to 4.4 percent in march of 2013. on top of that, the average amount financed reached $31,020 compare...





toyota and porsche take home brand-level honors in the edmunds 2018 best retained value awards®

santa monica, ca — april 05, 2018 — edmunds, the car shopping experts, today announced the 2018 edmunds best retained value awards®, recognizing the new 2018 vehicles and brands with the highest projected residual values after five years. toyota and porsche took home brand-level honors in the standard and luxury categories, respectively, with toyota also claiming five model-level awards and porsche claiming three. "whether leasing or buying, savvy shoppers know that a vehicle's retained value plays a big role in how far your dollar goes when getting a new vehicle," said matt jones, senior consumer advice editor at edmunds. "the brands and models receiving honors in this year's edmunds best retained value awards are good bets to hold their value down the road, which can help keep ...





auto loan interest rates climb to highest point since 2009, according to new analysis from edmunds

santa monica, ca — april 03, 2018 — interest rates on new vehicle loans are expected to hit their highest level since 2009 in march, marking the second straight month of sharp rate increases. according to the analysts at edmunds, the leading car shopping and information platform, the annual percentage rate (apr) on new financed vehicles averaged 5.7 percent in march — compared to an average of 5.2 percent in february and 5 percent in january. this compares to 5 percent in march 2017 and 4.4 percent in march 2013. edmunds experts point to a significant decrease in zero-percent loans as a primary driver for this rise in the average. the percentage of zero-percent loans is expected to drop to 7.4 percent in march compared to 11.4 percent in 2017, which edmunds attributes to larger autom...





auto loan interest rates climb to highest point since 2009, according to new analysis from edmunds

santa monica, ca — april 03, 2018 — interest rates on new vehicle loans are expected to hit their highest level since 2009 in march, marking the second straight month of sharp rate increases. according to the analysts at edmunds, the leading car shopping and information platform, the annual percentage rate (apr) on new financed vehicles averaged 5.7 percent in march — compared to an average of 5.2 percent in february and 5 percent in january. this compares to 5 percent in march 2017 and 4.4 percent in march 2013. edmunds experts point to a significant decrease in zero-percent loans as a primary driver for this rise in the average. the percentage of zero-percent loans is expected to drop to 7.4 percent in march compared to 11.4 percent in 2017, which edmunds attributes to larger autom...





march sales uptick closes out strong first quarter, edmunds forecasts

santa monica, ca — march 28, 2018 — edmunds, the leading car shopping and information platform, forecasts that 1,597,256 new cars and trucks will be sold in the u.s. in march for an estimated seasonally adjusted annual rate (saar) of 16.9 million. this reflects a 23.2 percent increase in sales from february 2018 and a 3.0 percent increase from march 2017. "healthy first-quarter numbers indicate the industry is on solid ground, but that doesn't mean we can expect another banner year for new car sales," said jessica caldwell, edmunds executive director of industry analysis. "though march tends to be a prognosticator for the year as a whole, if automakers remain disciplined with incentives and further rein in spending, we could potentially see sales start to tumble in the high-volume ...





used vehicle sales hit record high in 2017, according to latest edmunds used car report

santa monica, ca — march 21, 2018 — used car sales climbed to an all-time high of 39.2 million vehicles in 2017, according to the latest used car report released by edmunds, the leading car shopping and information platform. this reflects a 1.6 percent increase in sales from 2016 and a 4.3 percent increase from 2012. analysts at edmunds attribute this spike to increased replacement demand due to hurricanes harvey and irma and increased used inventory due to a glut of off-lease vehicles hitting the used market in 2017. this large quantity of near-new off-lease models also contributed to a slowing in used-vehicle price growth: used vehicle prices rose 1.4 percent in 2017, compared to the 3.6 percent average increase between 2012 and 2016. "consumer demand for suvs — which were limited...





edmunds presents the sixth annual five star dealer awards to more than 350 dealers nationwide

santa monica, ca — march 12, 2018 — edmunds, the leading car shopping and information platform, today announced the 2018 edmunds five star dealer awards, recognizing 363 car dealers nationwide for their outstanding customer satisfaction ratings. this year, edmunds also honored 25 dealers with the prestigious edmunds five star premier dealer designation, which recognizes the dealers with the highest overall satisfaction ratings. "car shopping is a daunting task for many, but finding the right dealer shouldn't be," said avi steinlauf, ceo of edmunds. "we raised the bar on what it takes to become an edmunds five star dealer in 2018, making it easier for shoppers to find a local dealer that shares our commitment to superior customer service and support." to be eligible, dealers must p...





toyota, subaru, honda score highest brand loyalty, new edmunds report reveals

santa monica, ca — march 06, 2018 — automakers who leverage emotional design, offer a wide array of suvs and have a solid history of reliability hold the keys to keeping customers brand-loyal, according to the new 2018 edmunds trade-in loyalty report. the report leverages insights gleaned from more than 13.9 million vehicle transactions between 2007 to 2017 to explore what drives customer loyalty at both the segment and the brand level. edmunds defined loyalty as the percentage of vehicles traded in to purchase a new vehicle that was the same segment, manufacturer, brand or model. "there's been a dramatic shift in the last 10 years in the tastes of car buyers, and with auto sales on the decline, maintaining customer loyalty has arguably never been more important," said jessica caldw...





auto loan interest rates hit highest level in eight years in february, according to edmunds analysis

santa monica, ca — march 01, 2018 — interest rates on new vehicle loans are expected to soar to their highest point in eight years in february, according to the analysts at edmunds, the leading car shopping and information platform. the annual percentage rate (apr) on new financed vehicles averaged 5.2 percent in february, compared to 4.9 percent in 2017 and 4.4 percent five years ago. edmunds experts point to an expected decrease in the number of loans in the 2 to 3 percent apr bracket and an expected increase in loans in the 4 to 7 percent range as the driving force behind this rise in the average. because this shift is happening in the mid-range of aprs, it means car buyers who qualify can still find deals, and the market isn't facing a flood of subprime buyers. the percentage of l...





auto sales continue downward slide in february, edmunds forecasts

santa monica, ca — february 22, 2018 — edmunds, the leading car shopping and information platform, forecasts that 1,273,428 new cars and trucks will be sold in the u.s. in february for an estimated seasonally adjusted annual rate (saar) of 16.8 million. this reflects a 10.8 percent increase in sales from january 2018 but a 4.1 percent decrease from february 2017. "this year is going to be a bitter but necessary pill for the auto industry to swallow," said jessica caldwell, edmunds executive director of industry analysis. "automakers are slowing production of passenger cars to react to declining demand, and are also trying to find the right balance between keeping sales strong and becoming too dependent on costly incentives. the industry is still in a fairly healthy place, but it may...





lexus, kia, jeep score most attention from car shoppers on edmunds during super bowl lii

santa monica, ca — february 04, 2018 — a rock star speeding backward in time, an action sequence from a new superhero movie and a high-speed dinosaur chase: automakers that aligned vehicles with spectacle, celebrity and pop culture during super bowl lii succeeded in attracting the most shopper attention on edmunds, the leading car shopping and information platform. edmunds analysts tracked traffic to brand and model pages on both its desktop and mobile sites during the game to see which automotive ads were most successful in driving immediate shopper interest. percentage lifts are compared to average sunday traffic levels on edmunds.the ad for the lexus ls proved most successful on the model side, with traffic up 1,080 percent to its pages on edmunds during the game. traffic to the kia...





new vehicle prices drop in january after five months of growth

santa monica, ca — february 01, 2018 — the average price of a new vehicle is expected to drop in january for the first time in five months, according to the analysts at edmunds, the leading car shopping and information platform. edmunds estimates that the average transaction price of a new vehicle will dip to $36,115 in january, down $380 from the record high of $36,495 set in december 2017. despite this decline, average transaction prices for new vehicles are still expected to be at near-record levels. edmunds experts estimate the average transaction price of a new vehicle will be three percent higher in january compared to january 2017 and 13 percent higher than the average cost of a vehicle in january 2013. the average down payment on a new car is also estimated to drop slightly to ...