On this week’s episode of the CBT News Market Update, new car sales came out to a retail SAAR of 11.74, down 9.4% from 13.42 in 2019. The inventory of new vehicles sold took a 7.3% drop year over year. However, used-car sales continue to stay ahead of 2019 with an 8.4% year over year increase. New car inventory is still struggling, down 20.3% from last August, but used inventory is up slightly by 5.4%.
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