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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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AE Magazine
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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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More cars are available, but record prices and rising interest rates will challenge customers.
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Improved inventory levels and higher retailing cited for the sales boost.
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Average manufacturer retail price nearly $50K, with some models exceeding six figures and $75K pickups the norm.
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Automaker to pause production at Fort Wayne Assembly truck plant, which builds full-size trucks.
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The automaker’s adjusted operating income from North America soared 23% to $14.8 billion.
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Cox Automotive forecasts sales will increase nearly 4% from 2022 and from January 2023.
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Now in week three of February, we continue to see the wholesale market improving.
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According to EV-Volumes data, from Jose Pontes, five OEMs handled more than half of all EV sales.
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Volkswagen AG reported its cash flow fell short of expectations as supply chain snags led to higher unsold inventory at year’s end.
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The reduction in weekly depreciation that started a couple of weeks ago continued again last week, with the market reporting the lowest overall depreciation we have seen since the end of June 2022.
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