LotLinx Weekly News Vol. 241: Your post-turkey reading materials

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Take your dealership to the next level.

It’s your dealership. Control it with Lotlinx.

Request Demo