Next steps for auto dealers in light of inventory bottlenecks, pre-owned marketing, the lease return wave, and the drawdown of aggressive financial terms.
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Automotive Update: June 15, 2020 – ESA Car Keys
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ESA Car Keys | Inventory Days for automotive dealers is plateauing at historically low sub-30 levels during 2022, and the outlook is murky.
ESA Car Keys | Ford affirmed its positive outlook with an exclamation point as Q2 earnings obliterated estimates in an auto market marred with struggles.
ESA on EHS: Existing-home sales fell 14.2% year-over-year as prices continue to surge upward. More inventory is becoming available, possibly due to a high cancelation rate (15%) in June.
July 2022 marks the HMI’s (Housing Market Index) largest drop in its history, outside of the post-pandemic shock of April 2020.
The US housing market hit another snag in June, as purchase cancelation rates hit a staggering 15%, the highest since pre-pandemic.