CPO Sales Expected to Drop Again This Year

Leasing’s decline behind forecast.
Leasing’s decline behind forecast.
Both projected to continue rise as inventories build from pandemic lows.
Japanese automaker holds top sales title for third straight year, besting VW.
Its 2022 deliveries were up 44%.
Make up for some lost sales in Q4 with help of electric push.
Early figures show about 10% drop, but there was a late-year surge.
NADA report shows business weakest in years.
Small decrease balanced by higher sticker prices.
BMW will reach the higher end of its 7-9% margin target for its vehicle business and will see slight sales growth in 2023, forecasted CFO Nicolas Peter in a roundtable this week.
The luxury automaker credits strong factory-dealer communications as the reason dealers could sell into the pipeline.
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