Auto Facts
 
 

 

Average Monthly Payment
Posted on: 12/11/2018

As a smart shopper, we’re concerned with the total price of the auto we have in mind as well as the monthly payment.  Just like the average purchase amount increasing in Q3 2018, so did the monthly payment.

1.      The average monthly payment on a lease or used vehicle increased by how much in Q3?

a)    $22

b)    $56

c)     $35

d)   None of the above

2.     The average monthly payment on a lease or used vehicle is now at an all-time record high.  What is that payment?

a)    $297

b)    $400

c)     $327

d)   None of the above

 3.     The average monthly payment on a new vehicle increased by what amount in Q3?

a)    $72

b)    $45

c)     $23

d)   None of the above

Answers below.

1.      c

2.     b

3.     a



Used Auto Prices
Posted on: 12/10/2018

The  Q3 Edmunds Used Car Report shows that the average price for used vehicles reached $20,085.  The price reflected a 3.5 percent increase for the same period in 2017. 

And the most affordable segment of used-vehicles, those priced under $10,000 are harder to find.  So much so that from 2013 that segment has dropped from 25 percent of the market to 16 percent.  

If you’re thinking with used prices increasing on a regular basis, perhaps purchasing new would be a better choice.  Undoubtedly, some buyers will consider purchasing new rather than used.  If you’re curious about the average price of a new vehicle in the third quarter, it reached $35,992.  



Used Car Sales Q3 2018
Posted on: 12/10/2018

The third-quarter of 2018 had a 5.0% increase over Q3 2017.  The edmunds Used Car Report said that 10.2 million used vehicles were sold in Q3.

According to the report, In the third quarter of 2018, used-vehicle prices hit their highest level on record since 2006.  The used car market typically sees a one percent decrease in pricing from Q2 to Q3 due to seasonality, but the quarter saw a more modest drop of 0.3 percent.



Top 10 best-selling autos in November
Posted on: 12/04/2018

The top 10 best-selling autos in November and year-to-date as reported by Automotive News.  GM statistics are estimated.

 

Nov.     11 mos.
1 Ford F series 72,102   Ford F series 821,558
2 Ram pickup 52,056   Chevrolet Silverado* 519,159
3 Chevrolet Silverado* 49,859   Ram pickup 476,825
4 Toyota RAV4 35,350   Toyota RAV4 388,501
5 Chevrolet Equinox* 32,849   Nissan Rogue 369,587
6 Nissan Rogue 31,860   Honda CR-V 336,934
7 Honda CR-V 31,488   Toyota Camry 314,346
8 Toyota Camry 24,545   Honda Civic 299,376
9 Honda Accord 23,367   Chevrolet Equinox* 295,321
10 Honda Civic 21,890   Toyota Corolla 278,293


Top 10 best-selling cars in November
Posted on: 12/04/2018

The top ten best-selling cars in November and year-to-date as reported by Automotive News.  GM statistics are estimated.

 

Nov.     11 mos.
1 Toyota Camry 24,545   Toyota Camry 314,346
2 Honda Accord 23,367   Honda Civic 299,376
3 Honda Civic 21,890   Toyota Corolla 278,293
4 Toyota Corolla 21,105   Honda Accord 262,444
5 Hyundai Elantra 18,148   Nissan Sentra 195,479
6 Tesla Model 3* 18,000   Nissan Altima 192,082
7 Ford Fusion 16,652   Hyundai Elantra 185,339
8 Nissan Sentra 12,721   Ford Fusion 157,548
9 Nissan Altima 12,077   Chevrolet Cruze* 135,127
10 Chevrolet Malibu* 10,949   Chevrolet Malibu* 131,275





Top 10 light-truck sales for November
Posted on: 12/04/2018

The top ten light-truck sales statistics for November and year-to-date as reported by Automotive News.

GM statistics are estimated.

  Nov.     11 mos.
1 Ford F series 72,102   Ford F series 821,558
2 Ram pickup 52,056   Chevrolet Silverado* 519,159
3 Chevrolet Silverado* 49,859   Ram pickup 476,825
4 Toyota RAV4 35,350   Toyota RAV4 388,501
5 Chevrolet Equinox* 32,849   Nissan Rogue 369,587
6 Nissan Rogue 31,860   Honda CR-V 336,934
7 Honda CR-V 31,488   Chevrolet Equinox* 295,321
8 Ford Escape 21,516   Ford Escape 252,081
9 Ford Explorer 20,473   Ford Explorer 239,278
10 Jeep Cherokee 20,296   Toyota Tacoma 224,128


Incentives in October
Posted on: 11/26/2018

It appeared that automakers would continue to increase incentives again in October after months of steady increases.  Then, for only the second time since April 2015 incentives decreased.  Autodata reported that spending, on average,  was $3,601 per unit a decrease from $3,722 per unit in October 2017.

Here’s a look at what Autodata reported:  

GM –  14% decrease

Ford – 2% increase

FCA – 5% decrease

Toyota – 1% decrease

Nissan – 7% increase

Honda – 2% increase

The highest average incentive belonged to Chrysler at $5,685 per unit for non-luxury brands.  Subaru had an average of only $1,165 per unit and that was an increase of 9% versus October 2017.    




 
 
 
 
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