Tax Refund Season Boosts Used Vehicle Sales
Total days’ supply at the start of March fell to 44, compared with the revised 53 at the beginning of February, a 20% decline.
Total days’ supply at the start of March fell to 44, compared with the revised 53 at the beginning of February, a 20% decline.
February sales figures show a major gain in new rental cars that makes up for flat or lower sales in the commercial and government fleet sectors.
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As the wholesale market returns to a new normal following the pandemic, this seminar looks at an overview of the current market, including inventory and pricing, as well as emerging trends.
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Meanwhile, used vehicle retail sales pick up in January thanks in part to vehicle prices being down 4% year-over-year, boosting affordability.
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The days’ supply is down 16% compared to the start of the year, as sales of used-vehicles picked up in the month and inventory decreased.
Inventory levels reach the highest point since June 2020 while the number of buyers who can afford a new vehicle is the best since June 2021.
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