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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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Both automakers are discussing potential incentives and the distinction between wholesale and retail.
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Tim Lamb Group brokers sale of Cain Toyota and Cain BMW to Five Star Automotive Group.
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Supply costs cramp its annual profit, though it forecasts year of growth.
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Consumer demand also ballooned in period of dealership infrastructure investment in transition.
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Abbott will lead its new software division for vehicle and enterprise tech.
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The Estimated Average Weekly Sales Rate dropped to 49% last week.
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Predicts return in Q2 after turbulent year, cost-cutting measures enacted.
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Strong result driven by higher sales volume, consistent cost management and focus on efficiency.
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