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.
Posts tagged as “NADA”
Based on inventory levels at the beginning and end of the month, dealers turned roughly 50 percent of their inventory in August.
Robust demand dials back incentive spending as vehicles sell quickly off lots; inventory restraints limit additional sales.
"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 'red-hot' crossover segment claimed 43.4 percent of the total market. NADA expects new-vehicle sales will decline slightly in 2020, closing out the year with sales of 16.8 million units.
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.