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Used-Vehicle Sales Jump in February
Softening prices, rising credit availability and higher tax refunds could be behind February’s sales pace rise and accompanying dip in inventory, according to Cox Automotive.
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SEARCHMENUSEARCHSoftening prices, rising credit availability and higher tax refunds could be behind February’s sales pace rise and accompanying dip in inventory, according to Cox Automotive.
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Experian data shows Tesla captured six out of 10 EV sales, slowing deliveries of other automakers’ EVs.
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Total sales are projected to reach nearly three million units, up 2.8% year-over-year, according to Cox Automotive.
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Report shows industry has adapted, though long-term effect remains, and pressure increases as autos require more chips.
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Links sellers and buyers across the US, giving consumers access to more inventory.
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Top five brands steady, but Cadillac moved up to the top 10 spot in NADA's biannual survey.
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US auto retailers sold 300,000 new EVs, an increase of 48.4% year-over-year and a record for any quarter.
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Though satisfaction with vehicle buying fell in 2022, smart digital solutions grew as a means of driving heightened customer satisfaction.
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The first week of July, there was a slight increase in auction volume and more repossessions hitting the lanes.
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Exploding Takata airbag leads to 26th US death as owners of 2003 Ram models urged to get them repaired.
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