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U.S. light-vehicle sales, led by generous incentives, strong light-truck demand and solid gains at several manufacturers in December, hit a record high of nearly 17.54 million vehicles in 2016, just edging out the previous record (set in 2015), by 0.3%. It was the seventh straight year of sales...

The NJ CAR Executive Committee, Trustees and Staff would like to take this opportunity to extend our warmest greetings to all members. Retail automotive sales have been cruising along at more than 17 million vehicles for several years and 2017 sales are expected to stay above that magical...

The 2017 National Automobile Dealers Association (NADA) Convention and Expo will be held from Thursday, January 26 through Sunday, January 29, 2017 in New Orleans, Louisiana. As part of the organization’s 100 anniversary, NADA has recently launched the NADA100 mobile app for the iPhone (https://itunes.apple.com/us/app/apple-store/id375380948?mt=8) and Android...

The U.S. auto industry is likely to set a record for industry sales in 2016, before declining slightly next year in part due to bloated inventory that is already beginning to impact Detroit Three production, according to one forecasting firm.IHS Markit predicts the U.S. auto industry will sell...

Sales of used cars and trucks are expected to reach nearly 41 million vehicles in 2016, a new record for preowned vehicle sales, according to economists at Cox Automotive. The growth in used vehicle sales comes at a time when more and more used vehicle loans are being...

Governor Chris Christie recently announced that the income tax reciprocity agreement he had planned to suspend with Pennsylvania will be salvaged after finding $200 million in savings from legislation he signed into law to help curb public employee healthcare costs.Reciprocal income tax withholding agreements between states allow an...