FROM JUST AUTO: U.S. Light Vehicle Market Forecast Slashed
Analysts have cut annual sales predictions by 600,000 units, changing the outlook from 15.9 to 15.3 million units. Dealer inventories remain fairly flat month over month, meaning major increases are unlikely at this time.
FROM BLOOMBERG: Why Nearly Empty Auto Lots Make This Pump-Price Shock Different
Previous spikes in gas prices have caused decreased demand and increased desire for fuel-efficiency. Although prices are rising again, limited dealership inventories have given retailers some wiggle room to field these effects.
FROM WARDS AUTO: What Follows Auto-Inventory Dearth? Pent-up Demand
Consumer demand has hardly wavered despite rising prices, decreased incentives, and limited selection. Analysts expect shopper interest will remain high if and when inventory production eventually levels out.
FROM AUTO REMARKETING: Prices on Used Hybrids, EVs Jump More Than 40% Last Month
Used inventory prices dipped briefly in February, however used hybrid and electric model prices jumped 46.9% and 43% respectively. Models from Hyundai, Toyota, and Nissan all saw significant hikes year over year.
Enjoyed this roundup? Subscribe to LotLinx News for weekly automotive industry updates direct to your inbox.
Want more top headlines? Catch up on past editions of LotLinx News.