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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. Q3 Reflection and Q4 Projections In Q3 2023, dealerships witnessed the actualization of several trends that were projected earlier in the 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
Last month, the sales pace had been forecast to finish much higher, but disruptions in dealership point-of-sale software programs at the end of June likely prevented some sales from being fully completed and reported. July 2024 has 25 selling days, the same as last year but one less than last month. July 2024 U.S.
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