LotLinx Weekly News Vol. 244: In the lane, prices are dipping…

FROM AUTOMOTIVE NEWS: Inventory continues to rise, hits 1.61 million

New-car inventory was up 78% year-over-year at the end of November (a 150,000 unit increase), meaning many dealerships will go into the final weeks of the year with at least a 30-day supply of fresh inventory.

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FROM AP NEWS: A slowdown in U.S. inflation eases some pressure on households

As supply chains and inventories rebound, national inflation might finally begin to cool. In November, consumer prices rose only 7.1% year-over-year and new-car prices remained steady month-over-month.

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FROM CNBC: Used vehicle demand and prices continue to decline from record highs

Wholesale vehicle values have declined nearly 16% throughout the year, while retail prices continue to put up a fight. After taking hits all year, the used market is expected to end the year 12% behind 2021.

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FROM REUTERS: U.S. auto fleet fuel efficiency flat in 2021 as Detroit Three lag

The nation’s three largest automakers have the lowest fleet-wide fuel economy among all major OEMs, making their significant investments in electric and fuel-efficient models more relevant than ever.

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