Automotive Market Update 6-21-2024

Summer Selling Season…Hot or Not??

We dive into the summer selling season in The Automotive Advisor Team's weekly Auto Market Update below.

Used car prices are down about 5% in 2024 to $25,540 with the top five sellers of the month sold at an average price of $23,999, about 7% below the average.

Affordability remains challenging for consumers, and supply is more limited at lower price points, but margins are present for dealers with a robust inventory acquisition plan balanced to sales rate and market demand.

Read more here: https://theautomotiveadvisorteam.com/automotive-market-update-6-21-2024-summer-selling-season-hot-or-not/