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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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The market continued to make gains this past week, marking the fourth consecutive week of overall wholesale value increases.
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Automobile sales in September are forecast to slow for the fifth straight month, as tight inventory, high prices take a toll on the industry.
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Traditionally, as we move past Labor Day, values begin to decline, with the largest portion of the yearly depreciation typically occurring in the fourth quarter. However, that is not the case this year, we’ve now had four consecutive weeks of overall market increases in wholesale values.
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Auto dealership buy/sell market on path to most active year in history – 320 transactions June 2020 to June 2021.
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The U.S. Commerce department reported the uptick of 0.7% in retail sales.
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Training expert shares how improving digital presence, sales skills and F&I presentations impacts sales.
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General Motors will extend production cuts at crossover, midsize pickup and sedan plants because of the semiconductor chip shortage but will resume full-size pickup production on Monday.
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Days-to-turn for used retail listings have been increasing, as retail demand softened over the last few weeks.
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At $43,355, the average new-vehicle transaction price hit a record high in August 2021 for the fifth consecutive month, according to Kelley Blue Book.
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The slowing auto market will lead Cox Automotive to revise downward its full-year new-vehicle sales forecast.
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