Sales pace is forecast to finish near 15.4 million, up 0.1 million from last August's 15.3 million pace but down from July's robust 15.8 million level.
Posts tagged as “new vehicle sales”
NADA expected a boost to July sales total due to the CDK cyberattack in June, which limited many dealers’ ability to process transactions.
End of Q1 2024 SAAR 2.7% higher than same period in 2023 as new-vehicle shoppers had many more vehicles to choose from versus last year.
The crossover segment continues to grow and remains the largest new-vehicle segment in the industry.
The sharp increase from 2022 when the average yearly cost was only $10,728, or $894 monthly, is likely due to three factors.
New vehicles are critical to the aftermarket in at least five significant ways, ranging from the average age of vehicles to the annual miles of different vehicle age groups.
After a stronger-than-expected first half, new vehicle sales to increase more than 11% year over year through first half of 2023.
