In January, all light-truck segments gained market share, while all car segments lost share. Light trucks represented 77.8 percent of all new vehicles sold.
Posts tagged as “NADA”
It is the first time monthly sales have topped 16 million units since February 2020, though it represents a 4.3 percent decrease from September 2019.
Robust demand dials back incentive spending as vehicles sell quickly off lots; inventory restraints limit additional sales.
Stanton, 52, succeeds Peter Welch, who has led NADA since his appointment by the NADA Board of Directors in January 2013.
Based on inventory levels at the beginning and end of the month, dealers turned roughly 50 percent of their inventory in August.
"It is unlikely that we will make up all of the production lost during the shutdowns, but vehicle manufacturers are working through previously schedule summer vacation shutdowns to try and catch up," NADA reports.
The NADA Show mobile app is now available to explore the workshops, events and exhibitors at both the NADA Show and the ATD Show in February in Las Vegas.