Dealer Service Metrics Mixed in October
Volume fell to a five-year low for the month, though revenue had a healthy bump.
Volume fell to a five-year low for the month, though revenue had a healthy bump.
Cox study show buyers and dealers see the benefits, though it needs work.
Cox says their sales fell 10% month-over-month, though they’re still outdoing overall used market for the year.
Cox Automotive research shows sales fell 3.5% year-over-year.
Y-O-Y change comes despite strikes, flat incentives, Cox says.
But report says that models are still selling for much more than before Covid, and at older ages.
October loosening makes three-month trend, but access still tighter than a year ago.
Retail sales, meanwhile, were up in October, Cox says.
Cox data shows activity, revenue decreases apparently not tied to strikes.
On track to reach annual 1 million-plus milestone for the first time.
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