Pent-Up Demand Swells During Government Shutdown, CNW Reports
CNW Research says the government shutdown was like ‘putting a dam on a river.’ But when will that pent-up demand be released?
CNW Research says the government shutdown was like ‘putting a dam on a river.’ But when will that pent-up demand be released?
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.
The NADA’s chief economist predicts that auto dealers will retail one million more vehicles than they did in 2012, and offers seven reasons for his positive outlook.
Higher trade-in equity could help release pent-up demand in the coming months, the NADA reported this week.
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