Latent demand, particularly from fleets, overcomes other market constraints.
Improved inventory buoys the former while the new-vehicle market shows balance.
Cox forecast based on first six months’ sales bump on the momentum of improved inventory, return of incentives.
Higher incentives, inventory drive demand as average price stays below MSRP.
Robust demand and increased vehicle availability drive significant growth.
CDK Global’s monthly purchase scorecard highlights buying trends in light of rising interest rates, inflation.
Improved inventory shores up market amid economic uncertainties.
Still off historical norms, improvement leads to more sales.
20-month milestone reflects more availability of lower-priced models.
Conditions still a long way from prepandemic, and greater economic forces could dampen demand.
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