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The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
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The IARA Summer Roundtable conference balanced a look back at successes while confronting industry challenges ahead.
Read More →High prices and relatively tight inventory keep more buyers at bay.
Read More →The average listing price reached $25,500 as July closed, after surpassing the $25,000 mark for the first time ever in June.
Read More →On a year-over-year basis, all major market segments saw seasonally adjusted price increases in July.
Read More →The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
Read More →Cox Automotive Commentary: The third quarter will be the industry’s toughest in 2021, and our analysts are forecasting second-half sales to finish below first half.
Read More →Survey: Car dealers are most optimistic when traffic is good, profits are strong, and when new and used vehicles prices are high.
Read More →Demand has been healthy, inventories tight, and dealers have felt little pressure to lower prices.
Read More →The pace of price increases sprinted through May, closing the month nearly 25% higher than the same period in 2020 and 2019.
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