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Kelley Blue Book Report: New-Vehicle Prices Increase Year Over Year in February

AutoSuccess

The monthly new-vehicle average transaction price (ATP) report from Cox Automotives Kelley Blue Book was just released. Key takeaways from February include: The estimated February new-vehicle ATP from Kelley Blue Book was $48,039, a year-over-year gain of 1.0%, but lower by 1.3% Incentives for electric vehicles (EVs) increased.

Vehicle 40
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CCC Report Analyzes Labor Pressures, Vehicle Complexity

Tomorrow's Technician

(CCC) announced it has published its 2024 Crash Course Report, which indicates that increasing vehicle complexity, combined with rising labor costs and shortages, are placing persistent pressure on both insurers and repairers. Electric vehicle (EV) repairs: EVs are becoming more common in repair assessments.

Vehicle 130
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Report Shows Average New Vehicle Prices Climb Higher for Fourth Consecutive Month

AutoSuccess

New vehicle prices in December climbed higher for the fourth consecutive month and were close to the all-time high marked in December 2022. New vehicle ATPs were $49,740 last month, an increase of 1.3% Vehicles, especially luxury vehicles, are typically an emotional purchase, and when consumers are optimistic, they go shopping.

Vehicle 40
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ASE Launches EV Safety Testing and Certification Program

Tomorrow's Technician

Although hybrids have been around for more than 20 years, many shops are not familiar with the risks of high-voltage vehicles or are not comfortable working on or around them. Industry standards accompany both certifications and are intended to be used in conjunction with high-voltage vehicle safety training.

ASE 130
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ASE to Provide Program for xEV High-Voltage Safety

Tomorrow's Technician

Although hybrids have been around for more than 20 years, many shops are not familiar with the risks of high-voltage vehicles or are not comfortable working on or around them. Industry standards accompany both certifications and are intended to be used in conjunction with high-voltage vehicle safety training.

ASE 130
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ASE to Provide a Testing and Certification Program for EV High-Voltage Safety

Brake & Front End

Although hybrids have been around for more than 20 years, many shops are not familiar with the risks of high-voltage vehicles or are not comfortable working on or around them. Industry standards accompany both certifications and are intended to be used in conjunction with high-voltage vehicle safety training.

ASE 130
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Spring Optimism Boosts U.S. Automobile Dealer Sentiment

AutoSuccess

New-Vehicle Sales Index Unchanged from Q4, Higher Year Over Year Franchised automobile dealers reported a good sales environment during the survey. The Q1 new-vehicle sales index remained at 54, higher than last year’s 52. The new-vehicle inventory index peaked at 75 in Q1 2024.