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The latest numbers from Cars Commerce show a new-car market in flux, with prices falling as excess inventory builds up. In the used-car world, on the other hand, all is calm and steady. The age of those usedcars is steadily increasing, which means consumers are now getting an older car for the money than they had before.
It is designed for users to find and purchase new and usedcars of all brands available at the AWIN dealerships, manage, save and sync their purchases, access and download the manufacturers’ apps, connect with roadside assistance, ElectricVehicle travel assistant and much more. Click here to download. “
The full report can be downloaded here. DCG said hybrid and electricvehicles are undeniably a growth driver and with dealers becoming more receptive to selling these models, we can expect the combined segment to continue to steadily gain market share for the foreseeable future.
Likewise, independents’ 38 score for the used-car sales environment (up from 36 in Q1) was far worse than the franchises’ hopeful index of 54. Sentiment about electricvehicle sales fell to a new low in Q2, dropping to 41 when dealers were asked how EV sales compare to a year ago – the fourth consecutive quarterly decline.
ElectricVehicle Sentiment Declines as Policy Uncertainty Looms Dealer optimism toward electricvehicle (EV) sales in Q4 was mostly unchanged from Q3 at 43 overall. ” The survey also asks dealers to rate new-car sales and used-car sales separately, along with various key drivers, including consumer traffic.
On the other hand, independent dealers scored the current used-vehicle market at 38 – an improvement from last year and last quarter – but still indicating that a majority of independent dealers perceive the used-vehicle market as weak. Download the full results of the Q2 2024 Cox Automotive Dealer Sentiment Index.
ElectricVehicle Sales Index Drops to Record Low When asked how EV sales compare to one year ago, a majority of dealers say they are worse, not better. ” The survey also asks dealers to rate new-car sales and used-car sales separately, along with various key drivers, including consumer traffic. The post U.S.
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