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Used Sales Hit Summer Drag
The vacation season, combined with high prices, has dented deliveries and added to inventories, though supply is still slim enough to keep listings elevated.
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SEARCHMENUSEARCHThe vacation season, combined with high prices, has dented deliveries and added to inventories, though supply is still slim enough to keep listings elevated.
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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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Affordability challenges may dampen spring auto sales, finds Cox Automotive Auto Market Weekly Summary.
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The market continued to experience growth last week, with gains far exceeding what is typically seen this time of year.
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Used-retail active listing volume index index sits at 0.99 points.
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New Experian report shows average loan amount increases tapered off, while average terms decreased.
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The first week of March started off as expected with sales rates continuing to increase across the country.
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