
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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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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Inflation and interest rate hikes could dampen consumer demand.
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Sales into large fleets, not including sales into dealer and manufacturer fleets, decreased 4.6% month over month in September to 122,586 units, according to an early estimate from Cox Automotive.
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New light-vehicle sales in September 2022 totaled a SAAR of 13.5 million units, up 9.6% from a year ago.
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Carmaker blames supply-chain issues, inflation for nearly 11% increase.
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Company launched its digital marketing campaigns to consumers in the Dallas Metroplex area.
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After toppling GM last year, carmaker may be bumped down after facing market woes common throughout the industry.
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$300 million suit claims carmaker violated state franchise law by withholding inventory.
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The market continued its descent last week, with the level of decline still exceeding what is typically experienced this time of year.
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Judge scuttles tax-break package by local authority, which may appeal the ruling.
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GM surges, peers also gain, though some see declines amid market pressures.
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