Auto sales up, so is price performance
J.D. Power released more good news today (Monday) about the auto industry.
As we know, auto sales are up. But as J.D. Power points out, success is measured by more than just sales. A just-released analysis from J.D. Power says the industry’s potent price performance is also a prime indicator of the industry’s health.
As the global research firm reports, “The U.S. market is strong when using sales as a measure, with new-vehicle retail sales through the first nine months of 2014 at their highest level since 2005.” Meanwhile, the industry also enjoyed “unprecedented growth in the average transaction price of new vehicles,” rising to more than $29,600 thus far in 2014 from $25,700 during the same period in 2009.
Read more details about the J.D. Power report here: