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The car market in the US shows positive signs of growth, with nearly 1.3 The popularity of hybrids and a sharp rebound in their inventory played an important role in bringing more buyers into dealers, helping the majority of automakers improve their year-to-date numbers. percent increase compared to the same period last year.
In August, the seasonally adjusted annual rate (SAAR), or sales pace, is expected to reach 15.4 The strong sales pace in July was partly fueled by a sales rebound following an industry-wide dealership software disruption that slowed the market in the second half of June. million, higher than last August’s 15.3 million level.
With Q4 2023 wrapping up, it’s a pivotal moment for dealerships to reflect on the projected trends, their performance metrics, and how the market dynamics have evolved over the years. Sales were stable throughout Q3 despite affordability and rising interest rates pushing some buyers out of the market. million units.
Experts Advise Buyers To Hurry According to Brinkman, “the slowing of deliveries even ahead of a likely subsidy removal we think has the potential to refocus investors on the deterioration in deliveries, revenue, gross profit, EBIT, EPS, and FCF estimates across all periods.” Read: Is Time Running Out For $7,500 EV Tax Credits?
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