CNW: Average Age of Primary Drivers Drops Again
CNW’s June retail automotive summary reveals the average age of new-vehicle primary drivers fell to its lowest level since 2005, a sign that younger buyers are entering the market.
CNW’s June retail automotive summary reveals the average age of new-vehicle primary drivers fell to its lowest level since 2005, a sign that younger buyers are entering the market.
Floor traffic is up, as are deliveries, but CNW reports that sales in January are still off last year’s pace. But the numbers also show that April to May could be big months for dealers.
CNW Research says ‘fishy’ math was behind the 20 percent sales increase in August. The firm put the real increase at around 15.25 percent.
CNW Research reports that the industry took some hits in June.
As of May 18, sales are on track for a 6 percent increase vs. a year ago despite a dramatic slowdown in closing ratios, CNW reports.
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