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American consumers might be happy to know that their preferred hybrids are slightly less impacted by extreme temperatures than fully electric vehicles, according to a new study.
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With low inventory and high demand, incentives dropped to a record low in June, averaging only 2.3% of the average transaction price.
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The Retention Index increased again during June to 191.5 points, even as we saw weakening consumer demand.
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BYD sold 638,157 electric or plug-in hybrid passenger vehicles in the first six months of 2022 compared to 564,743 from Tesla.
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Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing, according to Black Book.
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For the first time since the week of April 18th, the overall market reported softening last week.
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Kerrigan Advisors’ Erin Kerrigan sees a positive, record-breaking buy/sell market for 2022 and maybe into 2023.
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Sporty Cars traditionally decline during this time of year, but the segment is still reporting increases with an average weekly increase of +0.24% over the last eleven weeks.
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Mining the service drive can be a mundane task that’s easy to push aside, but it can also deliver high-quality leads and is the best source of used inventory for your dealership.
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The Vintage Muscle Car segment represents high performance cars from American Motors, Ford, Chevrolet, Pontiac, Buick, Oldsmobile, Dodge, and Plymouth produced from the mid-1960s through the early 1970s.
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U.S. automobile dealer sentiment in the second quarter of 2022 softened as U.S. auto dealers’ attention turned to inflation, high costs and tight inventory, marking the fourth straight quarter-over-quarter decline in market sentiment.
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