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Subdued spring sales due to affordability issues pad inventory, except for the least expensive vehicles.
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Used sales, buoyed by EV shoppers, cut into supply while harsh winter put a damper on new-vehicle business, padding inventory.
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Inventory was up in December, but delayed pandemic effects on new-vehicle sales still to be felt.
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Average for new and used vehicles decreased in the third quarter.
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August supplies down as summer sales surge, Cox Automotive says.
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Dealers and lenders renew their interest in the once-overlooked practice of used car leasing.
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Consumers financed more than 91,000 used electric vehicles (EVs) in 2022, up 45% from 2021, according to Experian data.
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AutoNation predicts demand for new vehicles will continue into next year, as low-interest rates and robust demand helped the retailer boost quarterly earnings estimates.
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A Trump-era USMCA interpretation could subject used vehicles shipped to the U.S. to import fees.
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PALO ALTO — In 2017, the National Automobile Dealers Association (NADA) celebrates 100 years serving franchised automobile dealers. Next year also marks the centennial of the first evidence of vehicle reconditioning, according to a provider of reconditioning workflow time-to-market software solutions. Rapid Recon issued a press release today saluting the NADA for 100 years of ... Read More »
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