Wednesday, July 6, 2022

The Weekly Automotive Market Minute for August 19, 2020

Welcome to the Weekly Automotive Market Minute with Bridget Fitzpatrick:

market updateThis week, new car sales came out to a retail SARR of 11.74, down 9.4% from 13.42 in 2019.

market updateThe inventory of new vehicles sold was 221,758 a 7.3% drop from this time last year when the inventory sold was 239,092.

Used-car sales continue to outpace 2019 numbers. The inventory of used-vehicles sold was up to 191,808, an 8.4% increase from last year’s number of 176,983.

market updateInventory stock levels among all new vehicles were down 20.3% from 2019.

Inventory stock levels for used-cars were up 5.4%.

The Dow Jones was up 0.48% at opening bell this morning, and the S&P 500 is up 0.23%.

Average interest rates remain low at 3.21%, and the average cost of gas is $2.18 per gallon. For more detailed information, check out the CBT News Market Center powered by LotLinx.

Did you miss last week’s CBT News Market Update? Watch it here now, and be sure to stay tuned for this week’s edition, coming Monday. You can share your thoughts, comments, or questions regarding this topic with host Jim Fitzpatrick at

soundcloudBe sure to follow us on Facebook and Twitter to stay up to date or catch-up on all of our podcasts on demand.

While you’re here, don’t forget to subscribe to our email newsletter for all the latest auto industry news from CBT News.

CBT News
CBT News
CBT Automotive Network is a multimedia broadcast platform serving automotive professionals. With interviews featuring the biggest names in the industry, daily newscasts following top stories, up-to-date market data, and exclusive articles covering the latest industry trends, CBT is the leading voice of the retail automotive industry.

Related Articles

Latest Articles