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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.



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 ...





auto sales expected to cool down in january, edmunds forecasts

santa monica, ca — january 24, 2018 — edmunds, the leading car shopping and information platform, forecasts that 1,121,932 new cars and trucks will be sold in the u.s. in january for an estimated seasonally adjusted annual rate (saar) of 16.7 million. this reflects a 29.8 percent decrease in sales from december 2017 and a 1.4 percent decrease from january 2017."in january, automakers are expected to pull the reins in on the more generous incentive programs that we saw at the end of 2017," said jessica caldwell, executive director of industry analysis at edmunds. "however, it's typical to see a slowdown at dealerships in january following the high-selling holiday months. this isn't necessarily a solid indicator of the direction that the year is headed in terms of overall sales."sl...





toyota e-palette concept wins inaugural edmunds ces tech driven hackomotive award at ces 2018

santa monica, ca — january 10, 2018 — edmunds, the leading car shopping and information platform, and the consumer technology association (cta)tm, the producer of ces®, the global stage for innovation, today awarded the inaugural 2018 edmunds ces tech driven hackomotive award to the toyota e-palette concept vehicle. the hackomotive award recognizes the most innovative, transformative automotive concept or technology unveiled or announced during the show. "buzzwords like future mobility and autonomy reverberate throughout the show floor at ces, but toyota's innovative e-palette concept stands out from the crowd thanks to its near-term implementation, established partnerships and visionary execution," said alistair weaver, edmunds vice president of editorial and editor-in-chief. "th...





edmunds and the consumer technology association announce winners of the inaugural edmunds ces tech driven awards

santa monica, ca — january 04, 2018 — edmunds, the leading car shopping and information platform, and the consumer technology association (cta)tm, the producer of ces®, the global stage for innovation, today announced six of the seven winners of the inaugural edmunds ces tech driven awards. the awards announced today recognize the automakers at ces that have developed the most forward-thinking vehicles and technology features available for car buyers to purchase in 2018. the seventh award category honors the most transformative new concept vehicle or automotive technology announced at ces, and the winner will be named during the show. "ces has become a premier venue for automakers to debut and showcase their most progressive visions for the future of mobility," said alistair weaver,...





new vehicle prices climb to all-time high in december

santa monica, ca — january 03, 2018 — the average price of a new vehicle is expected to hit the highest point in history in december, according to the analysts at edmunds, the leading car shopping and information platform. edmunds estimates that the average transaction price of a new vehicle was $36,495 in december, which is a 3 percent increase compared to december of 2016 and a 13 percent increase compared to december of 2012. the average down payment on a new car is also estimated to reach all-time high in december of $4,056. this is up $227 compared to december of 2016 and $105 from five years ago. "vehicle prices have been rising all year but really hit a crescendo in december. even though holiday bonus checks likely played a role in boosting down payments to record levels, when ...





december auto sales expected to close 2017 on a high note, forecasts edmunds

santa monica, ca — december 20, 2017 — edmunds, the leading car shopping and information platform, forecasts that 1,587,640 new cars and trucks will be sold in the u.s. in december, for an estimated seasonally adjusted annual rate (saar) of 17.7 million. this reflects a 14.0 percent increase in sales from november 2017, but a 5.8 percent decrease from december 2016, which was a record month for the industry. "auto sales got off to a sluggish start in 2017 but managed to finish in a fairly decent place," said jessica caldwell, edmunds executive director of industry analysis. "even though december sales were down year over year, we expect it to be the highest volume month of 2017. shopper traffic to dealerships really picks up once we get on the other side of the christmas holiday as ...





green car sales to hit new record in 2018, according to new analysis from edmunds

santa monica, calif. — december 18, 2017 — 2018 is looking to be the greenest year yet for the auto market, according to new data from edmunds, the leading car shopping and information platform. edmunds analysts project that overall market share for green vehicles (evs, plug-ins and traditional hybrids) will reach 4.4 percent in 2018, compared to an estimated 3.2 percent in 2017. edmunds also predicts sales of plug-in vehicles will double in 2018 as compared to 2017, outselling traditional hybrids by the end of next year. "even if tesla doesn't meet its full production commitments for the model 3 until midsummer, 2018 will still be a hallmark year for green vehicles," said jessica caldwell, edmunds executive director of industry analysis. "the price of batteries is coming down, ev ...





edmunds announces partnership with consumer technology association to produce new vehicle tech awards program at ces

santa monica, ca and arlington, va — december 14, 2017 — edmunds, the leading car shopping and information platform, and the consumer technology association (cta)tm, the producer of ces®, the global stage for innovation, today announced a new automotive technology awards program for ces 2018. the edmunds ces tech driven awards will honor the automakers, vehicles and technologies poised to revolutionize the automotive industry. "the automotive and technology industries converge at ces, with more and more automakers using the show as a platform to debut their most transformative ideas and breakthrough new features," said edmunds' ceo avi steinlauf. "it is the perfect place to celebrate automotive innovation and we're thrilled to be teaming up with cta to debut the tech driven award...