Used Market Getting Love
Stubborn affordability pressures kept its sales brisk in November.
Stubborn affordability pressures kept its sales brisk in November.
Cox Automotive says the technology enables online transactions on client sites and third-party marketplaces simultaneously.
Already strong demand is making sector loan rates actually rise. That could combine with falling supply, production to cut sales.
Cheaper models prove particularly hard to come by.
Prices down as inventory, incentives head in the other direction.
Subdued spring sales due to affordability issues pad inventory, except for the least expensive vehicles.
U.S. market is still weighted toward luxury models, though, and consumers are pinched because their incomes haven’t kept pace with the increases.
Early figures put volume up 1.4%, SAAR also up on higher inventory, incentives.
Used sales, buoyed by EV shoppers, cut into supply while harsh winter put a damper on new-vehicle business, padding inventory.
Inventory was up in December, but delayed pandemic effects on new-vehicle sales still to be felt.