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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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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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The rate of week-over-week declines has accelerated, exceeding the typical seasonal expectations for this time of year.
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Tesla’s Model Y could overtake BMW as the top-selling luxury model when its plant opens in Texas.
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The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.
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Tight supply and lower production helps the companies sell vehicles with fewer financial incentives than they traditionally offer.
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Consumers continue to pay well above MSRP for a new vehicle, marking eight straight months of paying more than sticker price.
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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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