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George Augustaitis

George is the Director of Automotive and Economic Analytics at CarGurus. He has worked in the automotive industry for almost 15 years, working with OEMs including Porsche, Nissan, and Lexus. His industry experience focuses on the crossroads of marketing, pricing, strategy, and economics.

George Augustaitis

About George Augustaitis

George is the Director of Automotive and Economic Analytics at CarGurus. He has worked in the automotive industry for almost 15 years, working with OEMs including Porsche, Nissan, and Lexus. His industry experience focused on the crossroads of marketing, pricing, strategy, and economics.

Hyundai Makes Progress on Goals with Help from SUVs

Oct 17, 2019 by George Augustaitis

2020 Hyundai Palisade

Hyundai recently announced its turnaround plan for the US with a goal of achieving 5.2% market share by the end of 2023. Its market share at the end of 2018 was 3.9%, and it has a three-pronged roadmap for gaining that extra share. 

[Read more…] about Hyundai Makes Progress on Goals with Help from SUVs

Filed Under: Industry Insights Tagged With: hyundai, hyundai crossover, hyundai suv used, jose munoz

Oil-Price Hike Accelerates Interest in Electric Vehicles

Sep 20, 2019 by George Augustaitis

On Monday, West Texas Intermediate (WTI) oil prices closed up roughly 15%, from $54.85 per barrel to $62.90. This uptick has increased car-shopper interest in electric vehicles (EVs). According to data from CarGurus, the share of searches for new and used EVs spiked in response to the news about oil prices.

[Read more…] about Oil-Price Hike Accelerates Interest in Electric Vehicles

Filed Under: Industry Insights

Could Forgiveness of Student Loans Lead to a New Peak in New-Vehicle Sales?

Last updated: Sep 19, 2019 at 1:34PM
Published on: Jul 29, 2019 by George Augustaitis

Debt continues to increase while wages lag, and many Americans struggle to purchase a new car. In fact, affordability represents the most severe headwind causing the decline in vehicle sales, which are down 2.0% calendar year to date (CYTD) 2019.

[Read more…] about Could Forgiveness of Student Loans Lead to a New Peak in New-Vehicle Sales?

Filed Under: Industry Insights Tagged With: bernie sanders, cpo car shopping, new car shopping, student loans

Is the RAM Pickup Set to Dethrone the Chevrolet Silverado as the #2 Selling Vehicle in the United States?

Last updated: Oct 7, 2019 at 2:17PM
Published on: Jul 1, 2019 by George Augustaitis

Since 1980, the Chevrolet Silverado has consistently outsold the RAM Pickup. However, the story is changing. Calendar year to date (CYTD) through May 2019, RAM has outsold the Chevrolet Silverado by more than 21,000 units.

[Read more…] about Is the RAM Pickup Set to Dethrone the Chevrolet Silverado as the #2 Selling Vehicle in the United States?

Filed Under: General Chat, Industry Insights Tagged With: 2019 Ram 1500

How the Mexico Tariffs Will Impact Affordable Cars

Last updated: Sep 27, 2019 at 2:27PM
Published on: May 31, 2019 by George Augustaitis

Recently, the White House issued a statement announcing a 5% tariff on all Mexican imports that goes into effect on June 10, 2019.

[Read more…] about How the Mexico Tariffs Will Impact Affordable Cars

Filed Under: Industry Insights Tagged With: car shopping, cars made in mexico, mexico tariffs

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