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CNW: August Deliveries Could Rise 8 Percent

This month, same-store deliveries are up nearly 6 percent while new floor traffic beat out last year’s numbers by 24.7 percent. Based on the data, CNW expects sales to rise at least 8 percent.

by Staff
August 20, 2013
1 min to read


BANDON, Ore. — Through the first 15 days of the month, August sales were on track to rise at least 8 percent, according to data from CNW Research.

Same-store deliveries were up nearly 6 percent in the opening weeks of the month, while new floor traffic beat out last year’s numbers by 24.7 percent.

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“We’re already seeing closing ratios swelling significantly, up more than four percent vs. July even though subprime has taken a hit when compared to both last month and the same month a year ago,” wrote CNW’s Art Spinella.

The last 10 days of July had a strong showing, sending new-car sales to a 15.7 million SAAR. Many automakers, according to CNW, could see a repeat in August. The firm also expects leasing to hit a 30 percent share of sales by the end of the year.

On the manufacturer side, incentives are up 39 percent vs. a year ago when including dealer spiffs, spins and special financing including subsidized leasing. They are down 28 percent on the dealer side.

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