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Incentive spending is projected to reach $4,159 (up 6% or $246), the highest level ever for the third quarter and just $28 short of the all-time quarter high set in Q4 2017.
Used Class 8 same dealers sales were down 10% in June and prices remained essentially flat, but this used truck dealers say that at current levels, sales and prices are still strong, according to ACT Research.
The industry is expected to sell 1.13 million new vehicles in January, a 3% decline over the same time last year, and a 33% decline from the month before, according to Kelley Blue Book, resulting in a seasonally adjusted annual rate (SAAR) of 17.4 million.
Edmunds.com is forecasting the sale of 1,629,011 new cars and trucks in December. If realized, the prediction puts the seasonally adjusted annual rate (SAAR) at 17.7 million, an 18.5% increase from the same time last year.