APR for new cars hits 3-year-plus high.
Toyota sold 2.332 million vehicles in the U.S. in 2021, compared to 2.218 million vehicles for General Motors.
Edmunds predicts 15.2 million new cars sales in 2022, a 1.2% increase from its 2021 vehicle sales estimate.
GM reported sales of 688,236 vehicles in the second quarter, up 39.7% from 2019. But Edmunds and Cox Automotive had forecasted GM sales would rise 40% to 43%.
vAuto reports vehicle inventories dropped to 2.24 million vehicles in April, representing a 44-day supply.
According to Edmunds, car shoppers got to take advantage of generous incentives offered by automakers, but analysts caution that these deals will dry up during the summer.
Experts say consumers upside down on their car loans could take advantage of generous automaker incentives during the coronavirus pandemic to get a better interest rate and save thousands of dollars.
Analysts say April will be the worst auto sales month in at least 30 years due to the coronavirus pandemic.
Although used vehicle prices have risen steadily in recent years due to a deluge of off-lease, option-rich SUVs, and trucks hitting used lots, experts say this trend is set to hit a turning point, according to new research from Edmunds.
Edmunds’ revamped Industry Center page compiles digital product offerings, additional resources to support shoppers and dealers while shelter-in-place orders limit in-store interaction and sales.
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