dealer sentiment | Auto Finance News | Auto Finance News

Independent dealers sour on slipping inventories

Franchise auto dealers perked up their market outlook in the third quarter as independent dealers lowered expectations for market conditions, a Cox Automotive dealer sentiment report showed. While used-vehicle sales continue to reach record levels, independent dealers reported that used-vehicle inventories are declining – a continued trend from the second quarter. In fact, limited used-vehicle […]

Decline in Used-Vehicle Inventory Dampens Dealer Sentiment

Used-car sales – a driver behind recent market strength – may slow as used-vehicle inventories shrink, according to Cox Automotive’s second-quarter Dealer Sentiment Index report published last week. “If market strength is being driven by used vehicles, can used-vehicle sales remain strong considering declining inventory?” Cox Auto Chief Economist Jonathan Smoke said in a statement. […]