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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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GM entered a deal with semiconductor chip manufacturers to keep its North American assembly lines in production.
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The Mid-Size Car segment had the largest decline last week, at -0.76%, compared with the prior week’s decline of -0.64%, marking the third consecutive week the segment has reported the largest segment decline.
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The seasonally adjusted Retention Index moved up by 0.6% – the lowest rate of increase since July – reaching 197.0 points during the first month of 2022.
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GM reported a net profit of $10 billion for 2021 and reported full-year pretax rose 47% to hit a record $14.3 billion.
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Global sales in 2021 were the second-highest annual result for Lexus. The brand’s all-time sales record of 765,330 units came in 2019 before the pandemic.
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Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing.
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Industry analysts predict U.S. auto retail sales will dip in January as manufacturing slows.
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Kelley Blue Book has pulled out 10 interesting takeaways from last year’s market performance – a final look at 2021.
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New-vehicle sales in January are expected to reach 1.01 million units, a drop of 8.9% compared to January 2021, according to a forecast released today by Cox Automotive.
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Used-vehicle prices at wholesale, dealer-only auctions ended 2021 at 48.1% higher on average than December 2019 and 34.8% higher than December 2020, according to KAR Global.
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