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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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Repossessions are beginning to show up in the market and with fuel prices returning to a level last seen in February of this year, the Car segment valuations are taking the hardest hit.
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CDK Global offering polls U.S. customers on car availability and more.
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Adds vehicles up to 10 years old and with as many as 100K miles.
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The third quarter of 2022 closed with a new light-vehicle sales totaling a quarterly average SAAR of 13.3 million units, down slightly from a SAAR of 13.4 million units during the second quarter of the year.
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Adjacent property is sold to facilitate the transaction.
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Certified pre-owned sales fell over 11% year-over-year in September and are off 5% since August, finds a Cox Automotive analysis of Motor Intelligence data.
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Carmaker has best quarter of year despite overall industry problems.
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An economic downturn could put all automaker’s, even those making luxury autos, earnings to the test.
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Though improved, inventory issues remain, along with other market pressures.
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