Incentives reach six-year low in February amid tight supply
Inventory woes also contribute to higher prices and stronger retention values
Tight vehicle supply has contributed to a six-year low in incentive spending, higher prices, and positive retention values. Incentive spend as a percentage of the average transaction price sat at 8.4% in February 2021, the lowest point since April 2015, Charlie Chesbrough, senior economist at Cox Automotive, said Monday during Cox Auto’s first quarter Industry […]
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