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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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AE Magazine
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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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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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Sales fall due to customer affordability concerns. Company offering lower-priced models, cutting its costs.
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Tesla plans to increase production of Model Y and Model 3 EVs in Q4 and keep growth going as newer factories in Austin and Berlin come online in 2023.
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The average interest rate paid on a new vehicle purchase hit 5.7% in September, up from about 4% in 2021.
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Cox Automotive's quarterly review allows us to see how the market has progressed compared to expectations.
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ZeroSum predicts that by the end of September, new vehicle inventory will be up 16.69% from the start of August while used vehicle inventory will be down 1.15%.
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