🗞️ Industry roundup: FROM REUTERS: U.S. retail sales showcase economy’s enduring strength Retail sales across the nation grew 0.7% month-over-month in November, exceeding forecasts by 0.2% and showing strength in the consumer market. This growth was bolstered by a 2.6% increase in auto dealership sales and a 1.8% increase in online retail sales ahead of…
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New inventory grew by 9% causing day supply to increase by 3 days to 79 days as supply constraints were alleviated for some brands. Sales growth slowed slightly, increasing by just 1% MoM as prices continue to rise heading into the end of the year. However, hybrids saw list price fall by 5% YoY, contributing…
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New inventory grew by 9% causing day supply to increase to 76 days, 24 days higher than last year. This rise is partly due to more 2025 models arriving on lots, while unsold 2024 models pose a growing risk for dealers. Prices for gas units continue to rise even as consumer affordability remains a focus….
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As the summer demand wave receded, September marked a cooling in both the new and used vehicle markets. New vehicle demand saw a slight drop of 2% MoM, while used vehicle sales experienced a steeper decline of 10%. The easing demand, coupled with increased inventory, led to a slight rise in vehicle day supply for…
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