LotLinx Weekly News Vol. 239: Sales worth fighting for

FROM COX AUTOMOTIVE: Wholesale used-vehicle prices see smaller decline in October

Wholesale used-vehicle prices saw another 2.2% dip last month, leaving prices 10.6% lower year-over-year. Luxury cars and SUV/CUVs saw the most significant price declines, 13.6% and 12.4% respectively.

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FROM AUTOMOTIVE NEWS: EV registrations in U.S. rise 57% in September as Tesla rivals turn up pressure

Non-Tesla automakers have introduced 15 new EV models in the last two years, resulting in a 71% increase in registrations throughout the first nine months of this year. Total EV registrations have made up 5.2% of all new-vehicle sales in 2022.

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FROM CNBC: Auto loan delinquencies rise as loan-accommodation programs end

The percentage of delinquent auto loans hit a decade-long high at the end of last quarter, nearly 1.65%. This number could continue to increase as more Americans experience issues with inflation and see their pandemic-era loan accommodations come to an end.

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FROM NADA: Ready to serve: veterans bring skills, training to America’s auto dealerships

The retail automotive industry enables veterans to transfer their military skills into technical, leadership, and customer-facing roles within their local communities.

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