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Edmunds: New Vehicle Sales Expected To Drop In Q3
Analysts forecast a SAAR of 12.3M in September as inventory shortages continue to squeeze the industry.
Analysts forecast a SAAR of 12.3M in September as inventory shortages continue to squeeze the industry.
Depreciation accounts for 40% of all ownership expenses, says AAA.
Nationwide vehicle shortage impacts new-car transaction prices on many popular models.
Experts say robust April sales helped offset a weaker end to the quarter as inventory, chip shortages continue to worsen.
New vehicle prices hit all-time high for May, according to Kelley Blue Book.
According to NADA, 3.3% of new cars sold in 2019 had diesel engines.
New-vehicle retail sales in July are expected to reach 1,133,300 units.
This is the latest update of the IHS Markit global economic forecast issued by the Economics and Country Risk team.
Further decline is expected for 2020, says GlobalData.
May will be the fifth consecutive month in 2019 to experience a sales decline, with calendar year-to-date sales through May...
