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High Demand For Hybrids Contributes To Increased Sales In February

Carscoops

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. According to a preliminary report by GlobalData, the daily vehicle selling rate rose to 50,000 in February, up from 42,400 in January.

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Cox Automotive Forecast: August U.S. Auto Sales Show Stability Amid Seasonal and Labor Day Boost

AutoSuccessOnline

As automakers work to make room for the new model year, various financing deals are being offered, including options for 0% financing and up to $10,000 in customer bonuses for buyers choosing a new 2024 model. ” All percentages are based on raw volume, not daily selling rate.

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Q4 2023 State of Dealership Sales & Inventory: Insights from Q3 & Looking Ahead

Automotive Mastermind

Sales were stable throughout Q3 despite affordability and rising interest rates pushing some buyers out of the market. However, the daily selling rate metric in September reflects a continued deceleration from the monthly readings in March-July. According to S&P Global Mobility , U.S. million units.