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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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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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Weekly declines continued last week, but the rate of decline is still less than is typically experienced this time of year. Sellers are holding firm to floors, and we have yet to see conversion rates return to pre-holiday levels.
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Toyota Motor Corp. announced it will not reach its goal of manufacturing 9 million cars in its fiscal year, which ends in March.
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Luxury car brands, such as Rolls-Royce, Bentley, Porsche and BMW saw record sales in 2021.
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The declines are continuing to close out the second week of 2022 with majority of segments reporting drops in valuations.
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The policy reversal will make GM eligible for government fleet purchases by the State of California.
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