Used-Car Prices Tick Down in 2022
Steep decline signals return to new normalcy.
Steep decline signals return to new normalcy.
Make up for some lost sales in Q4 with help of electric push.
Company says two executives strengthen its leadership, vision-driving.
Without an SUV classification, the Cadillac Lyriq exceeds the price threshold for federal tax credits for EVs.
The average payment climbed to $717 in the fourth quarter of 2022, which is 50% higher than in 2010, according to Edmunds.
U.S. electric vehicle purchases climbed to 5.8% of all vehicles sold in 2022, up from 3.2% in 2021, according to Motor Intelligence.
Report forecasts production cuts resulting from issue this year.
Report shows car loan amounts, down payments rising along with interest rates.
Company plans to showcase new ways to speed up cash flow at NADA 2023.
Early figures show about 10% drop, but there was a late-year surge.