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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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AE Magazine
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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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Tesla faces new competition as new electric vehicle manufacturers come onto the scene.
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The Estimated Average Weekly Sales Rate remains at 65%.
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The automaker’s new vehicle registrations grew 61% in the first half of the year to take the top spot among luxury automakers.
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Year to date, the total used market is currently on pace to finish the year down more than 12% from the 40.6 million recorded in 2021.
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According to Kelley Blue Book, new-vehicle buyers remain in an “over sticker” market, paying above MSRP every month this year.
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On a volume-weighted basis, the overall Car segment decreased -0.92%. For reference, the previous week, cars decreased by -0.91%.
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Q2 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
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Subaru profit jumped 25% in the latest quarter as the automaker recovered production, ramped up sales and cashed in on favorable exchanges rates.
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Ford Motor Co. saw U.S. sales rebound sharply in July for the second consecutive month while Toyota Motor Corp. and Honda Motor Co. saw sales dip for the 12th consecutive month.
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The Retention Index decreased to 189.4 points in July as consumer confidence remained at historic lows.
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