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