Sales Pick Up in Late May
CNW reported this week that sales picked up in late May, with the firm expecting deliveries for the month to increase 11% from a year ago.
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CNW reported this week that sales picked up in late May, with the firm expecting deliveries for the month to increase 11% from a year ago.
A mid-month report found that floor traffic at dealerships was up nearly 3 percent, with closing ratios ahead of last year by more than 2 percent. According to CNW, this indicates a possible 6.5 percent sales gain for the full month.
Subprime approvals are climbing, which could bode well for the rest of the year. But dealers will have to beef up their marketing to get more buyers off the sidelines.
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