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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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Toyota Motor Corp. announced plans to produce 800,000 vehicles worldwide in October, 100,000 vehicles short of its average monthly production plan.
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“Retail margin” sales could bring carmaker “thousands” of EV customers.
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Board asks NHTSA to require carmakers to install technology in effort to prevent crash deaths.
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The wholesale market continued its decline last week, with the rate of decline remaining consistent with the past seven weeks.
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Autonomy’s EV Market Report highlights the major players, the challenges, the trends, and more in the global transition to electric vehicles.
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Meanwhile, AutoNation, Hendrick Automotive Group top public, private rankings.
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Ongoing shortage forcing brands to trim production, especially in North America.
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The seasonally adjusted annual rate is estimated to be near 36.2 million, down from last August’s 40.8 million level and below July’s revised 38.3 million pace.
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The Retention Index continues to decline in August, finishing the month at 184.0 points as consumer demand for used vehicles weakened.
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