March is right around the corner! This week, we’re seeing CPO sales coming in like a lion, while February’s new-car sales head out like a lamb. Plus, how analysts are predicting a possible trade tariff could impact the industry as a whole.
FROM FORBES: February Auto Sales: Could Be Short-Term Cold Snap or Longer-Lasting Deep Freeze
2019 sales are still unthawing as February’s reported 1.3 million is more than 2% lower than what we saw around this time last year, which may have been influenced by factors like below average tax refunds and record-breaking weather.
FROM AUTOMOTIVE NEWS: Another CPO Sales Record This Year?
CPO sales are predicted to break records for the 9th year in a row at 2.75 million units sold thanks to an increasingly desirable product mix of off-lease light trucks and crossovers.
FROM CBT NEWS: What Dealers Can Do as Auto Loan Delinquencies Rise
With careful analysis and education, dealers can put strategies in place to ensure their customers make purchases they’re comfortable with and don’t become one of the 7 million Americans that were over 90 days late on their auto loan payments in 2018.
FROM WARDS AUTO: U.S. Tariff Talk Worries Global Automakers
Analysts report that a possible automotive trade tariff could impact both foreign and domestic manufacturers and dealerships, as the U.S. is responsible for importing nearly 40% of Japan’s vehicle exports and over 20% of South Korea’s.