Data shows average monthly payments and the average amount financed for new-car purchases also reached new record highs in Q4.
Posts tagged as “new car sales”
"The $20,000-vehicle is now mostly extinct, and many price-conscious buyers are sidelined or cruising in the used-vehicle market," says analyst.
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.
