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Still-pricey market nonetheless sees healthy volume
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Prices down as inventory, incentives head in the other direction.
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Subdued spring sales due to affordability issues pad inventory, except for the least expensive vehicles.
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U.S. market is still weighted toward luxury models, though, and consumers are pinched because their incomes haven’t kept pace with the increases.
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Early figures put volume up 1.4%, SAAR also up on higher inventory, incentives.
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Used sales, buoyed by EV shoppers, cut into supply while harsh winter put a damper on new-vehicle business, padding inventory.
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Inventory was up in December, but delayed pandemic effects on new-vehicle sales still to be felt.
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Some carmakers pull back on production, further fatten incentives.
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Supply hits 20-month high in November as SAAR falls from October, NADA says.
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