The National Automobile Dealers Association (NADA) elected Tom Castriota as its 2025 chairman. Castriota, owner of Castriota Chevrolet, Inc. in Hudson, Fla., will succeed Gary Gilchrist, president of Gilchrist Chevrolet Buick GMC, Inc. in Tacoma, Wash. “I am humbled and grateful to become the next NADA Chairman,” said Castriota, who currently serves as NADA vice […]
September Light Vehicle Sales Rate Up in U.S.
While sales rate improved year-over-year, NADA reduced its full-year sales forecast. New light-vehicle sales in September 2024 totaled a SAAR of 15.8 million units, an increase of 0.5% year-over year, according to the National Automobile Dealers Association (NADA) Market Beat report. Following a strong start to the year in Q1 2024, where raw sales volumes […]
Dealership Body Shop Sales Above $4 Billion in First Half of 2024
While dealership body shop sales increased in the first six months of the year, the percentage of dealers operating collision repair facilities continued to decline. According to the latest research from the National Automobile Dealers Association (NADA), sales at dealership body shops exceeded $4 billion in the first half of 2024, but the percentage of […]
New Light Vehicle Sales Rate Lower in August Despite Volume Increasing
The National Automobile Dealers Association (NADA) reported new light-vehicle sales in August totaled a SAAR of 15.1 million units, down 1.1% from August 2023’s 15.3 million. According to Patrick Manzi, NADA Chief Economist, the August 2024 sales calendar included Labor Day weekend this year, which led to a raw sales volume totaling 1.42 million units, […]
New Vehicle Retail Sales Were Lower Than Expected in July
According to NADA, the hoped for increase in new vehicle sales in July following missed sales from June’s cyberattack on dealer management systems did not boost sales above last year’s rate. According to the National Automobile Dealers Association (NADA) new light vehicle sales in July were down year-over-year. According to the NADA Market Beat report, […]
New Vehicles Sales Down in June on Impact of CDK Cyberattack
Sales were down both month-over-month and year-over-year. According to the National Automobile Dealers Association Market Beat report, new light-vehicle sales were down in June as the CDK Global cyberattack affected many dealers’ operations. Sales in June totaled a SAAR of 15.3 million units, down by 4.8% year over year and by 4% from May 2024. […]
Dealership Body Shop Sales Above Pre-Pandemic Levels in 2023
While dealership body shop sales increased, the percentage of dealers operating collision repair facilities continued to decline. According to the latest research from the National Automobile Dealers Association (NADA), the percentage of dealerships operating on-site body shops was down in 2023, the sixth year in a row of declines versus the previous year. NADA’s research […]
March Light Vehicle Sales Rate Up 3.8% in U.S. Compared to 2023
Sales rate up 7% for the full quarter. According to the National Automobile Dealers Association (NADA) Market Beat report, the March 2024 new light-vehicle sales seasonally adjusted annual rate (SAAR) was 15.5 million units—an increase of 3.8% compared with March 2023. March saw the highest raw sales volume for all of the first quarter 2024, […]
February New Vehicle Sales Exceed Expectations
NADA reports sales up over 6% year-over-year. According to the National Automobile Dealers Association (NADA) Market Beat report new light-vehicle sales for February 2024 exceeded expectations. According to NADA, February 2024’s seasonally adjusted annual rate (SAAR) totaled 15.8 million units, up 6.3% from February 2023 and up 6% from January 2024, which had seen a […]
New Light Vehicle Sales Down Slightly in January Compared to Last Year
NADA reports new vehicle sales were down on both a month-over-month and year-over-year basis. Projects production to increase in 2024. New light-vehicle sales cooled at the start of 2024 according to the National Automobile Dealers Association (NADA) Market Beat report. The January 2024 seasonally adjusted annual rate (SAAR) of 15.0 million units represents a decline […]
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