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But average transaction prices still linger above MSRP as supply holds steady at the same level since Thanksgiving and customer demand remains strong.
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The downward trend continues, as June CPO sales were down 1% from May’s sales stats.
Read More →The conversion rate indicates that the first 15 days of August saw buyers with more bargaining power for this time of year.
Read More →The luxury vehicle share sold increased to above 18% of total sales, lifting overall industry ATP, while non-luxury vehicle buyers on average paid more than $500 above sticker price.
Read More →Higher rates are already shifting access to vehicles and financing towards wealthier consumers as overall affordability declines.
Read More →After a decline in December, wholesale used vehicle prices rose 0.5% in January. The Manheim Used Vehicle Value Index now stands at 122.3, a decline of 0.9% from a year ago.
Read More →New-vehicle inventory levels are still 63% lower than a year ago while the average transaction price hit another record.
Read More →MONTVALE, N.J. – Tedd Meurer has joined Mercedes-Benz USA as the national account manager for the company’s South and Mid-Atlantic regions for its fleet sales division.
Read More →The supply of unsold new vehicles as March opened was about 1.5 million vehicles less than the stock of a year ago and 2.4 million less than in 2020.
Read More →A larger mix of SUVs and pickups helped drive up prices in November, but November was also the sixth straight month of sales volume declines.
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