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This indicates that dealers feel pressure to lower prices while still facing challenges in offering the value consumers expect, as incentives remain below 2018 and 2019 levels. The used-vehicle inventory index declined in Q2, which is not uncommon for the spring survey. The total metrics reported have a +/- 3.06% margin of error.
For many dealers, their profits will also be affected by higher floor plan costs and the need to invest in infrastructure to support the growing sales of electricvehicles. In the ElectricVehicle Market, 2024 Will Be the Year of More – More Models, More Incentives, More Discounting, More Advertising, and More Sales Muscle.
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