Looking at the SAAR for July, auto retail came in at 14.5 million, higher than the initial projections of 14.3. This week, new car sales sat at 290,712 a 6.8% drop from this time last year. On the other hand, used car sales reported 231,488 units sold, a strong 15.4% jump from last year.
On this week’s episode of the CBT News Market Update powered by LotLinx, we get into this data and more with Len Short, Chairman and CEO of LotLinx, and Jonathan Banks, Vice President and GM of Vehicle Valuations for J.D. Power.
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