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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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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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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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