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new vehicle market declines -2% year-on-year in July to 1.273 million units. The average daily sellingrate (DSR) stands at 50,925, down from 51,971 a year ago. Among OEMs still making monthly sales data available, Toyota Motor (-5.1%) falls faster than the market, Ford Motor (-0.3%) is stable and Hyundai-Kia drops -3.3%.
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.
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