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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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Affects 2015-2019 MKCs, which Ford asks owners to park outside.
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They remain more than triple prepandemic levels, while blue-sky values are also falling but are an estimated 2 1/2 times higher than in 2019.
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Inventory recovery a key factor in big year-over-year surge, Cox says.
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Measure has both major parties’ support, along with that of industry leaders.
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Uptick driven by demand for hybrids and gasoline-powered cars.
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Truck segments reported an accelerated rate of depreciation and the largest single week decline since late January.
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To date, only 7% of the approximately eight million affected cars have received the software upgrade.
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Q1 results virtually unchanged. Toyota dominates top 10 list.
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Ford’s models can use Tesla’s Superchargers starting next year, then 2025 models will sport Tesla’s standard connector.
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Robust demand and increased vehicle availability drive significant growth.
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