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Improved inventory buoys the former while the new-vehicle market shows balance.
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Cox forecast based on first six months’ sales bump on the momentum of improved inventory, return of incentives.
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Higher incentives, inventory drive demand as average price stays below MSRP.
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Robust demand and increased vehicle availability drive significant growth.
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CDK Global’s monthly purchase scorecard highlights buying trends in light of rising interest rates, inflation.
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Still off historical norms, improvement leads to more sales.
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Conditions still a long way from prepandemic, and greater economic forces could dampen demand.
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Annual census shows the number of stores increased 0.4% last year.
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