Kelley Blue Book

Ram and Dodge Brands Take Home 2024 Kelley Blue Book Consumer Choice Awards

Retrieved on: 
Wednesday, March 27, 2024
Kelley Blue Book, Safety, Perception, SST, Dodge Hornet, Foot, Tropical cyclone, Carbon, Chrysler Pentastar engine, Dodge, Charger, STLA, SUV, Ram pickup, Video game

Two Stellantis brands, Ram and Dodge, are taking home awards from Kelley Blue Book Consumer Choice Awards.

Key Points: 
  • Two Stellantis brands, Ram and Dodge, are taking home awards from Kelley Blue Book Consumer Choice Awards.
  • Ram is celebrating its win for the Kelley Blue Book Consumer Choice award for the Best Overall Truck Brand.
  • The Dodge brand earned the 2024 Kelley Blue Book Consumer Choice award for Best Car Styling Brand.
  • The 2024 Consumer Choice Awards are based on consumer automotive perception data from Kelley Blue Book's Brand Watch study.

Kelley Blue Book Announces Winners of 2024 Consumer Choice Awards

Retrieved on: 
Wednesday, March 27, 2024
Consumer, Kelley Blue Book, EV, Lexus, Growth, Mercedes-Benz, Perception, Porsche, News, Ford, Dodge, Ram, Online shopping

ATLANTA, March 27, 2024 /PRNewswire/ -- After several years of car-buying challenges due to production complications from the pandemic, 2024 is finally a great time for consumers to buy a new car, with supply evening out and more deals becoming available. Yet while some of the challenges have eased up, buying a new car is still a huge purchase decision where shoppers devote hours to researching which brand and model is best for them, and consumer perception weighs heavily into this process. Recognizing automakers' outstanding achievements in creating and maintaining brand attributes that earn the attention and enthusiasm of new-car buyers, Kelley Blue Book, a Cox Automotive company, today announces the winners of the 2024 Consumer Choice Awards. These awards – formerly known as the Brand Image Awards – are based on annual new-car shopper perception study data. Award categories are calculated among in-market luxury and non-luxury, including truck and electric vehicle (EV)/hybrid shoppers who plan to purchase within the next 12 months.

Key Points: 
  • Honda is the big champion in consumer perception for 2024, sweeping all but one of the non-luxury category awards.
  • Mercedes-Benz brings home two 2024 Consumer Choice Awards for Most Refined Luxury Brand and Best Car Styling Luxury Brand.
  • The 2024 Kelley Blue Book Consumer Choice Awards – formerly known as the Brand Image Awards – are based on consumer automotive perception data from Kelley Blue Book's Brand Watch study.
  • For more information about the 2024 Kelley Blue Book Consumer Choice Awards, visit https://www.kbb.com/awards/consumer-choice-awards/ .

New-Vehicle Average Transaction Prices Retreat for Second Straight Month, According to Latest Kelley Blue Book Estimates

Retrieved on: 
Monday, March 11, 2024
Three-phase electric power, Blue book, EV, Lexus, Polestar, G class, Mitsubishi Group, EVS, SAAR, Research, Land Rover, Kia Rio, Ferrari, Rolls-Royce, Cox Enterprises, Infiniti, Mini, ATP, Kelley Blue Book, Model, Cryptocurrency

ATLANTA, March 11, 2024 /PRNewswire/ -- New-vehicle transaction prices (ATP) in February 2024 held mostly steady, according to an analysis by Kelley Blue Book, falling less than one-tenth of 1% from the revised January ATP.

Key Points: 
  • ATLANTA, March 11, 2024 /PRNewswire/ -- New-vehicle transaction prices (ATP) in February 2024 held mostly steady, according to an analysis by Kelley Blue Book, falling less than one-tenth of 1% from the revised January ATP.
  • Incentive packages continue to be highest with Infiniti, Audi, Mini, and Polestar, all over 10% of average transaction price, according to Kelley Blue Book estimates.
  • Incentives at Land Rover averaged only 2.0% of ATP, according to the Kelley Blue Book estimates.
  • Model 3 transaction prices last month, at $43,614, were lower year over year by 12% and near the lowest level on record.

Kelley Blue Book Announces Winners of 2024 Best Resale Value Awards

Retrieved on: 
Monday, March 11, 2024
Kelley Blue Book, MSRP, List price, News, Depreciation, Car rental

ATLANTA, March 11, 2024 /PRNewswire/ -- Many car buyers do not realize that depreciation can be one of the biggest expenses they will encounter during their vehicle ownership period, or the extent of how much this amount can vary from one model to the next. Understanding a car's resale value can make the difference of hundreds, if not thousands, of dollars in the long run. To help new-car buyers shop smart, Kelley Blue Book, a Cox Automotive company, today announces the 2024 model-year brand, category and top 10 winners of the 22nd annual Best Resale Value Awards, recognizing vehicles for their projected retained value through the initial five-year ownership period.

Key Points: 
  • (Residual values used for award calculations are based on the 2024 model-year vehicles that appear in the January/February 2024 Kelley Blue Book® Residual Value Guide.
  • In comparison, all vehicles in Kelley Blue Book's Top 10 for Best Resale Value in 2024 are projected to retain around 58% or more of their MSRP after the initial five-year ownership period.
  • Now in its 22nd year, Kelley Blue Book's Best Resale Value Awards are based on projections from the Kelley Blue Book® Official Residual Value Guide.
  • For more information about Kelley Blue Book's Best Resale Value Awards, visit https://www.kbb.com/awards/best-resale-value-cars-trucks-suvs/ .

Patriot Motors Adds its First Honda and Hyundai Dealership with Purchase of Carmack Honda and Hyundai

Retrieved on: 
Saturday, March 2, 2024
General Automotive, Fleet Management, Other Automotive, Automotive, Kelley Blue Book, Certified pre-owned, Blue book

Family-owned and growing Patriot Motors is adding its first Honda and Hyundai dealer to the five dealerships it currently operates–Carmack Honda and Hyundai in Danville, Illinois, now known as Patriot Motors of Danville.

Key Points: 
  • Family-owned and growing Patriot Motors is adding its first Honda and Hyundai dealer to the five dealerships it currently operates–Carmack Honda and Hyundai in Danville, Illinois, now known as Patriot Motors of Danville.
  • According to Brandon Ball, the new General Manager of Patriot Motors of Danville, the dealership will continue to go the extra mile to take care of its customers anyway possible.
  • “If a customer doesn’t see a car they like, the dealership will make sure they get the car they want,” Ball said.
  • With a knowledgeable sales team, large inventory and everyday low prices, Patriot Motors of Danville is the first and last place consumers need to shop for a new or Certified Pre-Owned Honda and Hyundai.

XPEL UNVEILS FIRST-EVER WINDSHIELD FILM AND NEW CARE PRODUCTS FOR RELIABLE SURFACE PROTECTION

Retrieved on: 
Tuesday, February 27, 2024
Foam, Soap dispenser, SAN, Dust, PPF, Corrosion engineering, Kelley Blue Book, WASH, Risk, Wax, BIG, MSRP, Paint, FOAM, Water, Insurance

SAN ANTONIO, Feb. 27, 2024 /PRNewswire/ -- Today, XPEL, Inc. (Nasdaq: XPEL) a global leader in paint protection film, ceramic coatings, window tint films, and more, unveiled several exciting products that elevate the industry standard in asset protection, including XPEL's first-ever Windshield Protection Film and additions to their surface care product line.

Key Points: 
  • SAN ANTONIO, Feb. 27, 2024 /PRNewswire/ -- Today, XPEL , Inc. (Nasdaq: XPEL) a global leader in paint protection film, ceramic coatings, window tint films, and more, unveiled several exciting products that elevate the industry standard in asset protection, including XPEL's first-ever Windshield Protection Film and additions to their surface care product line.
  • For the first time in the company's history, XPEL is offering Windshield Protection Film.
  • XPEL Windshield Protection Film is a high-quality film with excellent optical clarity that does not reduce visibility or impact how windshield sensors perform.
  • For more information about XPEL's products or to purchase care products and find a dealer for Windshield Protection Film installation, please visit www.XPEL.com .

Built In Announces New CFO and Board Member

Retrieved on: 
Tuesday, February 20, 2024
SilkRoad Technology, Auto Trader, Marketing, Built-in, Growth, Kelley Blue Book, HR, Fortune 500, Cox Enterprises, Management

CHICAGO, Feb. 20, 2024 /PRNewswire/ -- Built In, the leading recruiting platform for hard-to-hire tech roles, today announced that it has appointed Kate O'Neill as Chief Financial Officer and Jessica Stafford as an Independent Board Member to help bolster the company's continued growth.

Key Points: 
  • Key hires fuel Built In's growth and innovation, driving success in tech talent recruitment for startups to Fortune 500.
  • Kate O'Neill is a seasoned finance professional with an extensive background in the software industry, particularly in the HR technology market.
  • Built In also announced the addition of Jessica Stafford to its Board of Directors.
  • "We're thrilled to welcome Jessica to the Built In Board," Katris continued.

Kelley Blue Book Reports New-Vehicle Transaction Prices Continue to Tumble, Down 3.5% Year Over Year in January

Retrieved on: 
Tuesday, February 13, 2024
EVS, Tesla Model Y, Nissan Leaf, SAAR, Kelley Blue Book, EV, SUV, Cox Enterprises, Business intelligence, VW, Hyundai, ATP, Cryptocurrency

Transaction prices were down 3.5% year over year in January and lower 2.6% month over month; price declines in January accelerated compared to December.

Key Points: 
  • Transaction prices were down 3.5% year over year in January and lower 2.6% month over month; price declines in January accelerated compared to December.
  • ATLANTA, Feb. 13, 2024 /PRNewswire/ -- The U.S. new-vehicle market sales pace slowed in January 2024, despite lower prices and higher incentives.
  • Prices have been trending downward for roughly six months now as automakers are sweetening deals to keep the sales flowing."
  • Cox Automotive and Kelley Blue Book revised the EV transaction price data in January to more accurately capture the expanding electric vehicle market.

Marketing Electric Vehicles Requires an Entirely Different Communication Strategy from Consumer Consideration to Purchase

Retrieved on: 
Friday, February 2, 2024
Summit, Kelley Blue Book, Marketing, Family, ICE, Research, Audience, Safety, Ministry of Energy, EV, NADA, Original equipment manufacturer, EVS, Force, Energy

ATLANTA, Feb. 2, 2024 /PRNewswire-PRWeb/ -- Today, John Fitzpatrick of Force Marketing, an innovative marketing technology company whose family of brands provides the most complete and comprehensive suite of lifecycle marketing solutions in the automotive industry, will speak on a panel at this year's J.D. Power Auto Summit. Leading into the NADA Show 2024, the Summit features industry leaders addressing some of the most complex auto industry challenges, and this panel discussion specifically focuses on new rules and policies for EVs that dealers and OEMs need to understand to educate the consumer.

Key Points: 
  • Power Auto Summit at NADA 2024 on Feb. 1 on the topic of EV versus ICE automotive buyer motivators and fears.
  • In 2023, a record 1.2 million U.S. vehicle buyers purchased electric vehicles.
  • "Our extensive automotive marketing data and research indicates that many consumers search for electric vehicles and then go to a dealer to learn more," said John Fitzpatrick, president and CEO of Force Marketing.
  • At the Force Marketing booth #1707W from February 2-4, visitors can learn about the company's marketing solutions designed to increase customer lifetime value.

Cox Automotive's Car Buyer Journey Study Shows Satisfaction With Car Buying Improved in 2023 After Two Years of Declines

Retrieved on: 
Wednesday, January 31, 2024
COVID-19, Kelley Blue Book, CBJ, ICE, Car, Edmunds (company), News, Ageing, Transport, Cox Enterprises, EV, Analytic function, Attitude, NADA, HHI, CPO, Auto Trader, CarGurus

ATLANTA, Jan. 31, 2024 /PRNewswire/ -- Cox Automotive's annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022.

Key Points: 
  • ATLANTA, Jan. 31, 2024 /PRNewswire/ -- Cox Automotive's annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022.
  • According to the 2023 Cox Automotive Car Buyer Journey Study , overall car buying satisfaction increased significantly, with 69% of consumers being highly satisfied with the process.
  • Satisfaction among new-vehicle buyers matched an all-time high, equal to the level reached in 2020, the peak of overall car buying satisfaction.
  • The annual CBJ study from Cox Automotive looks at several attributes tied to vehicle buying in America and focuses specifically on new- and used-vehicle buyer satisfaction.