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The car market in the US shows positive signs of growth, with nearly 1.3 According to a preliminary report by GlobalData, the daily vehicle sellingrate rose to 50,000 in February, up from 42,400 in January. GlobalData reports that fleet sales totaled 257,000 units last month, grabbing a hefty market share of 20.6
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.
New versions of the BYD Sealion 6 plug-in hybrid SUV have received suspension revisions for the Australian market. The BYD Sealion 6 was Australia’s best-selling plug-in hybrid vehicle in 2024 with 6198 deliveries, 72 sales ahead of the Mitsubishi Outlander PHEV (6126).
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