Growing Auto Inventory Boosts July Incentives

Automaker spending on new-vehicle incentives rose sharply in July compared with the year-earlier month, driven by electric vehicle offers, luxury car lease deals and growing inventory across the industry, according to estimates by Motor Intelligence and J.D. Power.

Auto Sales Expected To Rise Again in July

New U.S. light vehicle sales volumes are set to rise again in July as easing supply-chain snags help automakers ramp up production to meet pent-up demand, automotive research firm S&P Global Mobility said.

Automotive National TV Spending Dips 18% In June

Automotive national TV spending declined 18.1% in June despite big sports buys, per The estimated national TV spending by automakers was $128.7 million, compared to $157.2 million in June 2022.

KBB: New-Auto Sales Incentives Increased in May

The average transaction price (ATP) of a new vehicle in the U.S. increased May 2023 to $48,528, a month-over-month increase of 0.5% ($251) from an upwardly revised April reading of $48,277, according to Kelley Blue Book.

Ford, Tesla Announce Historic Agreement

The top executives from Ford Motor Co. and Tesla announced a historic agreement that will allow Ford customers to use 12,000 Tesla Superchargers across the U.S. and Canada.

Toyota’s Ads Drive Hispanic Loyalty

Toyota isn’t just winning the battle for Hispanic consumers — it’s dominating the nation’s second-largest ethnic group, in a triumph that’s more than 30 years in the making.

New Vehicle Inventories Rise Above 1.9 Million to ‘21 Level

New-vehicle inventories continue climbing, even in the face of the fastest sales pace in more than a year. It’s a further sign that production constraints are easing, according to data by Cox Automotive and the Automotive News Research & Data Center.