Used-Vehicle Market Still Feeling Covid
Inventory was up in December, but delayed pandemic effects on new-vehicle sales still to be felt.
Inventory was up in December, but delayed pandemic effects on new-vehicle sales still to be felt.
Total inventory, though, was up 50% year-over-year.
Consumers faced tighter conditions in the fall, though their overall outlook brightened.
New-vehicle buying conditions far better than a year earlier as market shifts to the buyer.
Cox tracked four straight months of YOY declines from pandemic-era records.
Cox Automotive nevertheless sees growth continuing for the long haul.
December decrease part of trend toward normalcy that’s expected this year.
Post-pandemic settling to bring normalcy, falling dealer profit.
November volume decreases as revenue balloons on inflation. Cox advises addressing consumer trust to avoid a free fall.
November Cox Auto numbers show demand outpaced supply.
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