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Cox Automotive projects May new-vehicle sales volume to fall 28% from a year ago to 1.14 million units, the lowest level of this year; decrease likely driven by rising interest rates, higher vehicle prices, higher fuel prices, drop in consumer optimism

March new vehicle average transaction prices fall 0.3% month-over-month, but remain up 12.9% from a year ago, as dealer new-vehicle inventory averages 30 days; prices reached record high in December 2021: Kelley Blue Book

Michigan-based LaFontaine Automotive Group wins Leader in Sustainability Award from Cox Automotive for in-dealer sustainability programs; group uses environmentally-friendly wheel balancing products, paints, vegetable-based lubricants for hydraulic lifts

New vehicle prices down 0.5% in February with fewer luxury vehicles sold, but prices remain elevated, up 11.4% from a year ago; average non-luxury vehicle price at US$42,467 last month, with luxury vehicle prices averaging $64,626: Kelley Blue Book

Toyota named best resale brand, Lexus best luxury brand, in Kelley Blue Book 2022 Annual Best Resale Value awards; award winning vehicles retain about 56% of MSRP after five years, while average vehicles retain 43% of original value

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