July drop of 1.6% indicates slowing wholesale price declines, reports Cox Automotive.
Xtime Metrics shows activity jumped again but revenue fell.
Total sales are projected to reach nearly three million units, up 2.8% year-over-year, according to Cox Automotive.
Cox Automotive says it's soared 350% while consumers put off EV purchases over pricing and charging concerns.
Cox Automotive forecasts an improved used-vehicle market in latter half of the year.
Cox forecast based on first six months’ sales bump on the momentum of improved inventory, return of incentives.
Cox finds that more consumers are open to EVs, but dealerships don’t feel prepared or optimistic about an EV future.
Analysis of Xtime data showed increases in Repair Order Volume Index and the Repair Order Revenue Index.
Modest increase still less than normally seen during spring selling season.
May supplies reached 1.96 million, well above a year earlier, though still under historical norms.
