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Dealer Ops

New-Vehicle Prices Keep Falling

Just nine of 275 models on the U.S. market had transaction prices under $25,000 in February, Cox said. - IMAGE: Pexels/Skylar Kang

U.S. market is still weighted toward luxury models, though, and consumers are pinched because their incomes haven’t kept pace with the increases.

Recall Reconnaissance

Dealerships should keep detailed records of recall-related activities. - IMAGE: Pexels/Yara Alana

The growing trend of large-scale recalls requires dealerships to prioritize developing reliable recall strategies.

Used-Vehicle Picture Brightens

Cox estimates used-vehicle retail sales rose 18% month-over-month and 5% year-over-year. - IMAGE: Pixabay/andreas 160578

Wholesale prices picked up as February ended in a flow of early tax returns that fueled a normalized sales conversion rate, Cox Automotive says.