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The third quarter of 2022 closed with a new light-vehicle sales totaling a quarterly average SAAR of 13.3 million units, down slightly from a SAAR of 13.4 million units during the second quarter of the year.
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New light-vehicle sales in September 2022 totaled a SAAR of 13.5 million units, up 9.6% from a year ago.
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The first quarter of 2022 came to a close with new-light vehicle sales in March totaling a SAAR of 13.4 million units, a decline of 4.6% compared to February 2022 and a decline of 24.4% compared to March 2021’s SAAR.
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The month’s SAAR totaled 13.3 million units, down from 14 million in February and off 24.4% from March 2021’s SAAR of 17.6 million units.
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Recent media coverage about rising new-vehicle prices fails to account for unprecedented market conditions in the retail auto market.
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New light-vehicle sales in October 2021 saw their first month-to-month gain since April.
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Mike Alford, who currently serves as NADA vice chairman, will succeed Paul Walser, as chairman.
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NADA predicts healthy sales volumes coupled with healthy transaction prices and profitability will persist as the industry shows strong resilience amid disruption.
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The survey results convey a timely and comprehensive assessment of dealer sentiment to auto manufacturers.
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On October 20, the National Automobile Dealers Association (NADA) made several leadership announcements for 2021.
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