"The $20,000-vehicle is now mostly extinct, and many price-conscious buyers are sidelined or cruising in the used-vehicle market," says analyst.
Posts tagged as “new car sales”
Overall, new vehicle registrations among all brands, including hybrids, show an increase of 8.3 percent growth from this time last year.
Despite recent low new-vehicle sales, several key factors will fuel an increase, not a decrease, of annual aftermarket volume.
While the projected monthly volume remains familiar, retail sales levels reflect sustained advances.
Despite high interest rates and inflation, registrations are on track; Tesla's sales are facing mounting challenges with significant declines.
Sales in March will crest over 1.4 million units — just the second time since May 2021 that monthly volume has reached this level.
Predictions for 2024 include another increase due to the state’s significant and lasting demand for new cars, a strong labor market, and a positive economic outlook statewide.
