FROM REUTERS: U.S. new vehicle sales to be flat in November amid high interest rate
Monthly retail sales are expected to shift just -0.3% from November 2021. For the over 933,000 units sold this month, the average finance payment is up 7.2% year-over-year.
FROM WARDSAUTO: Skyrocketing auto sales coming back to earth
How long will this era of strong sales last? Analysts predict pent up vehicle demand is somewhere between 5 and 8 million units, and everyone is trying to make the most of it. Dealership acquisitions are up 5% year-over-year and up 24% for private buyers.
FROM BLACK BOOK: Market insights: Wholesale prices
After two years of elevated wholesale prices, 2022 is poised to end the year with depreciating values. Major model categories have seen price declines for more than four straight weeks. Used retail prices are following suit, but not as drastically as the wholesale market.
FROM U.S. NEWS: Thanksgiving travel rush is back with some new habits
Over 49 million people are expected to travel by car over the long weekend, not letting gas rates or inflation deter holiday plans. These pre-pandemic travel volumes bode well for this year’s remaining holiday weekends.
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