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Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
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SEARCHMENUSEARCHMany consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
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Despite a stronger Q2 market, negative sentiment lingers over weak economic conditions and high interest rates, Cox Automotive says.
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NADA Market Beat report reveals double-digit spike in new light-duty sales in May.
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Strong result driven by higher sales volume, consistent cost management and focus on efficiency.
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Dealer strategy shifts are bearing fruit, finds Cox Automotive's most recent report.
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The used retail active listing volume index reverted back to one at the start of 2023. Currently, the index sits at 0.95 points.
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It reported that US retail sales rose 15% while fleet sales jumped 27%.
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