The Weekly Automotive Market Update for July 20, 2020

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Welcome to the Weekly Automotive Market Update with anchor Bridget Fitzpatrick. This week, new car sales ended up at a retail SAAR of 11.77, compared to 13.12 at this same time last year. Inventory levels for new vehicles are currently at 2.7 million which dipped from last year's level at 3.4 million. As the inventory levels of new cars fall, dealers are turning to used cars. The inventory of used cars sits currently at 1.5 million, a slight increase from last...

CBT News Market Update: KAR Global’s David Rymarz & LotLinx CEO Len Short

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Recent CBT News MarketCenter powered by LotLinx data has found that the 2020 SAAR as of July 14, 2020, is 11,217,969 units, compared to 13,127,953 at this time last year. Sales for new vehicles are currently at 163,109 compared to last year’s level at 230,018, which makes a 29 percent year over year decrease. Used car sales, on the other hand, come in at 167,876 vs 180,000 in 2019; only a seven percent year over year decrease. Here to discuss...

The Weekly Automotive Market Update for July 13, 2020

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Welcome to the Weekly Automotive Market Update with anchor Bridget Fitzpatrick. This week, new car sales ended up at a retail SAAR of 11.56 units, compared to 13.12 at this time last year. Inventory levels for new vehicles are currently at 254,706 as well which compares to last year's level at 246,269. While new car levels are up only slightly, many dealers are turning their focus to used car sales. Used inventory levels are currently at 227,820 compared to 176,951 this...

CBT News Market Update: LotLinx CEO Len Short & Bloomberg Auto Analyst Kevin Tynan

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As macroeconomic conditions begin to stabilize and consumers slowly resume their pre-pandemic lives, a lot of auto retail markets saw an uptick in sales over the course of May and June. However, recent LotLinx data has found that new car sales were off 10.8 percent over the Fourth of July weekend vs a year ago. Used-car sales also boomed through June, but in recent weeks, they have cooled off significantly although they still remain in positive territory due to...
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