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Auto Prices Ride May Moderation
Flat ATPs and asking prices clocked in below long-term averages for the month, though some segments saw significant price gains, reported Cox Automotive.
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SEARCHMENUSEARCHFlat ATPs and asking prices clocked in below long-term averages for the month, though some segments saw significant price gains, reported Cox Automotive.
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The wholesale market boomed last week due to trade tariffs' influence.
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Broker says the metro area is a hot one for buy-sell deals.
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Cox analysis forecasts continued brisk spring sales eating into existing inventories, along with coming price hikes, especially for lower-priced models.
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Q1 stats show more than ever are opting for seven-year loans for new vehicles.
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As the world absorbs separate reciprocal duties on imported goods, the sector starts adjusting to the 25% tariff on vehicles, awaits parts equivalent.
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Automaker says it received more U.S. patents last year than any other auto firm for 11th year and is in top 10 overall.
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Alliance for Automotive Innovation says 25% duties would cut U.S. sales, raise vehicle prices.
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Points out the biggest movers in each region while still tracking national pricing shifts.
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