After spending 20 of the last 27 years as the best-selling vehicle segment in the U.S., midsize sedans have taken a dramatic downward turn in popularity. Midsize sedans were the top-selling vehicle segment as recently as 2014, but so far in 2017 have tumbled to fifth behind compact SUVs, large trucks, midsize SUVs and compact cars. Market share for midsize sedans is now a meager 10.7 percent — the segment’s lowest share since Edmunds began its tracking in 1991.
It’s not just the practicalities that differentiate car manufacturers — new research from YouGov Profiles shows how the different marques have different personalities, too. There’s a more general sense of what each car brand represents. What does a Ford logo convey, and how is that different from Dodge? These factors help shape the decision process of future car buyers.
Among dealership service customers who scheduled their appointment online, more than three-fourths (76 percent) said they were apt to go that route again, according to research from Cox Automotive. What’s more, setting up the service visit online creates a path toward a happier customer, says Jim Roche, vice president of marketing and managed services at Xtime.
“After selling almost 70 million new vehicles over the past four booming years, the nation’s 17,500 new-car dealerships face a curious predicament,” Ted Evanoff writes in The Commercial Appeal. “Auto sales finally have slowed, leaving dealers ever more dependent on the service department for profits, even though many are short on employees.”
Swapalease.com recently completed an online survey presented to more than 2,500 drivers across the U.S. to gauge their appetite for lease deals on used cars and trucks. The company also commissioned a similar survey presented to 250 automotive executives at dealerships across the country on their desire and plans to offer more lease deals on used cars and trucks.
The annual YouGov Affluent Perspective 2017 Global Study says the affluent have an enduring love affair with cars. At present, 97% of affluent households own at least one vehicle, with the average affluent home owning two to three.
Experts from Cars.com, Inc. tested model-year 2017 cars from the highly competitive luxury sports sedan segment in order to rank the options available to shoppers. After extensive road and track testing by three experts and one consumer in the market for a new car in the class, the Audi A4 came out as the top performer, earning the title of Best Luxury Sports Sedan of 2017.
A well-developed online strategy rises in importance as more millennials are hitting the road. According to global information company The NPD Group, 12 percent of U.S. consumers who have made an automotive purchase have done so online.
While the average transaction price of a new vehicle currently sits at nearly $35,000, the editors at Kelley Blue Book prove that you can still find a dynamic and affordable new car that turns heads with their 2017 list of the 10 Coolest Cars Under $18,000.
The iconic Ford Mustang is the most searched for classic car, according to a state-by-state report issued today by ClassicCars.com, the premier website for researching and purchasing classic automobiles and trucks.
The Motorcycle Industry Council’s latest Motorcycle Owner Survey found that women account for 14 percent of all U.S. motorcycle owners, well up from the 8 percent reported in 1998. Female motorcycle ownership is at an all-time high according to the latest data from the Motorcycle Industry Council.
The National Marine Manufacturers Association, representing the nation’s recreational boat, engine and marine accessory manufacturers, announced it expects unit sales of new powerboats to have increased between six and seven percent in 2016, reaching an estimated 250,000 boats sold as consumer confidence soared and manufacturers introduced products attracting younger boaters.