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million sales recorded in January and February 2024, representing a 10.7 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. Light-Vehicle Sales – February 2024 Feb. percent.
new-vehicle sales in August should remain relatively stable when adjusted for significant seasonality. In August, the seasonally adjusted annual rate (SAAR), or sales pace, is expected to reach 15.4 In fact, August could potentially be the month with the highest sales volume of the year so far. million level.
Understanding evolving buying behaviors and automotive sales trends is the key for proactive dealers to stay ahead. In this blog post, we’ll explore the automotive landscape in Q3 2023, providing insights into the state of dealership sales, inventory management, customer engagement, and loyalty as dealers head into Q4 and beyond.
Tesla might need the subsidies more than Musk realizes after sales fell in 2024. This marked the first time in over a decade that Tesla didn’t increase its annual sales. JPMorgan also estimates that in 2024, Tesla’s global share of BEV sales fell from ~15.5% Read: Is Time Running Out For $7,500 EV Tax Credits?
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