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As Memorial Day Approaches, Tight Vehicle Inventory Slows Auto Sales

As Memorial Day Approaches, Tight Vehicle Inventory Slows Auto Sales - Cox Automotive forecast: U.S. auto sales in May to finish near 1.54 million units, well ahead of 2020 sales volume, down 3% from 2019. - Sales pace forecast to fall to 16.5 million, down from last month s robust 18.5 million pace. - Inventory issues: Days supply now down 71% from last year, 65% below 2019 levels. News provided by Share this article Share this article ATLANTA, May 26, 2021 /PRNewswire/  According to a forecast released today by Cox Automotive, automobile sales in the U.S. are expected to be healthy in May, but down from April s historic result. Sales are expected to finish at a seasonally adjusted annual rate (SAAR) of 16.5 million, with sales volume at 1.54 million. This is an improvement over last May s COVID impacted 12.1 million SAAR and volume of 1.12 million. Compared to 2019 a better measure to judge the market s recovery sales are expected to drop by approximately 3%.  The May 20

Summer Travel Plans, Road Trips on the Rise: Kelley Blue Book Offers Road Trip Tips, Vehicle Recommendations

Share this article Share this article IRVINE, Calif., May 26, 2021 /PRNewswire/  Americans are ready to hit the road. With pandemic numbers down and vaccine numbers up, after spending the majority of last year at home the pent-up demand for travel is undeniable. For many, the upcoming Memorial Day weekend will be the kickoff to some long-awaited and much-needed summer vacations. To help travelers make the most of their trips, the experts at Kelley Blue Book offer 5 Road Trip Safety Tips for Summer along with their recommendations for the 10 Best Road Trip Cars of 2021. As summer approaches, road tripping is on the rise. Recent data reveals that 41% of Americans say they have summer travel plans, up significantly from 24% one year ago. This year travelers are going farther away with 64% traveling 100+ miles from home, also up substantially from last year. And road trips remain the most popular choice, as most vacationers (65%) plan to travel by vehicle.

Summer Travel Plans, Road Trips on the Rise: Kelley Blue Book Offers Road Trip Tips, Vehicle Recommendations

Summer Travel Plans, Road Trips on the Rise: Kelley Blue Book Offers Road Trip Tips, Vehicle Recommendations
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Dealer com s Latest Updates Personalize Dealership Marketing to Every Shopper

Share this article Share this article BURLINGTON, Vt., May 25, 2021 /PRNewswire/  Today, dealerships and consumers are more dependent on digital than ever. To succeed in this new era of car buying, dealerships must personalize each customer s path to purchase and cater to their diverse needs at all touchpoints especially those taking place online. Backed by industry-leading consumer insights, Dealer.com is constantly focusing on total user experience, with technologies and tools that give their clients an advantage in a very competitive automotive retail landscape. Dealer.com s latest enhancements, including a homepage redesign, remote services marketing and site-wide free-text search, deliver on the company s promise to convert customer needs into powerful shopping and buying experiences from anywhere.  Shoppers who are exposed to personalized content during their visit view more VDPs, submit more lead forms and are more likely to start their deal online.

Uncharted Territory: New Vehicle Bargain Hunters Will Find Limited Supply, High Prices This Memorial Day Weekend, Notes Kelley Blue Book Experts

Share this article Share this article IRVINE, Calif., May 24, 2021 /PRNewswire/  As Memorial Day weekend approaches, bringing along one of the most popular car-buying weekends of the year, shoppers face a difficult marketplace with low vehicle inventory supply and record high prices due to strong consumer demand. Yet despite the challenging market conditions, car shoppers remain undeterred as they continue to buy cars at a record pace. Likely fearing even less choices and higher prices in the months ahead, new data from Kelley Blue Book reveals that car shoppers clearly are in buy-now mode. Shoppers are expecting high prices and limited choices, and that s exactly what they re finding, said Vanessa Ton, senior industry intelligence manager for Kelley Blue Book. But even with the tough buying conditions, Kelley Blue Book s data shows most consumers expect to push ahead with a purchase, even in a difficult and competitive marketplace.

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