New-Vehicle Sales Healthy in First 6 Months
NADA numbers show sales prices rose, though volume was down due to inventory shortages.

The average U.S. new-car dealership total sales in the first six months of the year were at $36.9 million, up slight from a year earlier.
IMAGE: Getty Images
A midyear National Automobile Dealers Association report on new-car business shows a still-robust period for retailers, despite continued manufacturing challenges that have narrowed supply and are forecasted to continue.
Despite inflation pressures, consumer demand for new cars and for service remained steady, the NADA data indicate.
The average U.S. new-car dealership total sales in the first six months of the year were at $36.9 million, slightly up from a year earlier. New-vehicle sales were down from 54.6% of sales dollars a year earlier to 48.7%, while used-vehicle sales rose slightly from a 34.9% share to 39.7%. Service and parts sales dollars also increased, from 10.6% to 11.7%.
Though new-vehicle sales prices jumped, fewer cars were sold due to inventory shortages. The new-vehicle sales average volume and price were 404 and $45,646, compared to 498 and $40,232 a year earlier.
Originally posted on Auto Dealer Today
More Auto Finance

July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →