Sales of new cars in the US have stopped growing
2022.11.23 09:51
Sales of new cars in the US have stopped growing
Budrigannews.com – On Wednesday, according to industry consultants J.D.Power-LMC, retail sales of new cars in the United States are expected to remain relatively unchanged due to moderate demand caused by rising prices and interest rates.
During the crisis, consumers who are willing to pay more for cars have now cut costs, as the higher cost of loans makes it difficult to purchase cars. The report indicates that the average month of payment for financing in November will be $712, which is 7.2% higher than in 2021. Thomas King, President of J.D.
Analytics and Data Division These indicators may be moderate or reduced, although the demand for retail remains, transaction prices and profitability of the retailer. The government said that in 2023 it is expected to preserve the picture that was observed in November. According to the report, retail sales of new cars will amount to 933,402 units this month, which is 0.3 less than in November 2021.
In November, total car sales are expected to grow to 13.9 million units, from 12.9 million units in the previous year. However, the report says that the price of buying new cars is still growing, but slower than the beginning of this year. According to the report, retail and non-retail sales of new cars in November will reach 1,102,300 copies, which is 5.6% more than in November 2021.
In November, a slight increase in global car sales is expected to reach 86.5 million units, but a moderate increase in volumes is expected, which will be 8 from the beginning of 2021. “According to Jeff Shester, president of the global forecasting department of LMC Automotive, “”Potential new quarantines in China, as well as strikes by US railway workers add some risk to the forecasts for November and December, but overall stocks are improving.””
