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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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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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Auto consumers reported greater satisfaction last year despite higher prices and rising tariffs, due to an omnichannel approach blending online and in-person shopping, Cox Automotive research found.
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Purchases of new and used vehicles were down in December despite several positive market turns for consumers, whose optimism didn’t match their big-ticket spending.
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A Carfax index indicates that prices were higher than December 2024 but had been on a downward trend for the past few months.
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Auto dealers will be looking to you as much as ever this year to help them make smooth turns in an unpredictable market.
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Despite the week's softening conditions, the market analyst said demand for used vehicles showed in competitive bidding for newer units in better condition.
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A consumer index finds continued declines in both outlook and current conditions sentiment across nearly all demographics as big-ticket spending plans fall.
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Non-EV drivers show a decreased interest in future EV buying, according to CDK.
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Some segments fared better than others last week, one in particular experiencing sharp value declines.
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Following October’s steep drop, consumers showed renewed interest.
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Stubborn affordability pressures kept its sales brisk in November.
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