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Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
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SEARCHMENUSEARCHThe Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
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The Detroit automaker sold 1.86 million vehicles in 2022, down from 1.91 million in 2021.
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In the fourth quarter, Stellantis reported new vehicle sales declined 16% to 347,669 vehicles.
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Lawsuit that sought to bar such sales in the state by Rivian, Lucid dismissed.
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Chip shortage weighs on its sales more than some other competitors.
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Diesel fuel prices have started to fall, but they still remain at historical highs.
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Sales of new automobiles plunged to under 14 million vehicles in 2022, the lowest since 2011, reports Kelley Blue Book.
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Dealer profits still high, though fewer units marked above MSRP.
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Data analysis puts South Korean brand’s volume above GM, other big players.
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