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May deliveries hit two-year-plus high as volume trims a little off supply.
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Waning tax refunds pair with high interest rates to mute demand, Cox Automotive says.
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Retail sales were up from January and a year earlier for the strongest volume in nearly a year.
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Wholesale prices picked up as February ended in a flow of early tax returns that fueled a normalized sales conversion rate, Cox Automotive says.
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Cox Automotive research shows sales fell 3.5% year-over-year.
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Segment doing better than thought, though overall used sales SAAR ended the month down Y-O-Y.
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July drop of 1.6% indicates slowing wholesale price declines, reports Cox Automotive.
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Total sales are projected to reach nearly three million units, up 2.8% year-over-year, according to Cox Automotive.
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Cox Automotive forecasts an improved used-vehicle market in latter half of the year.
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