Analysts found that, as in 2018, consumers continued to abandon car segments in 2019. Light trucks are on track to account for more than 70% of overall new-car sales for 2019, while cars will account for less than 30% of new-car sales.
Margolit will deliver a seminar on how dealerships can run their loaner fleets as profit centers.
The used car market will face a confluence of factors to make 2016 a challenging year.
Representatives from the rental car industry, auto dealers and auto manufacturers spoke at the Senate hearing yesterday.
The NADA predicts the supply of luxury used vehicles up to 5 years old will decline by 13% in 2012 compared to a year ago, resulting in an average price increase of 1.9% this year.
The report, released this week at the NADA convention, revealed that after four straight years of declines, both new- and used-vehicle retail sales climbed in 2010. However, wholesale supply declined for the third straight year.
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