FILE - A line of unsold 2024 Mustang Mach-E electric utility vehicles sit at a Ford dealership May 19, 2024, in Denver. On Tuesday, July 2, 2024, automakers will report second-quarter U.S. sales and they're expected to be flat compared with a year ago. –
Industry analysts say they expect prices to drop further, and suggest buyers consider waiting for better deals and possibly an interest-rate cut.Overall, U.S. sales were up only 0.1% compared to a year ago, as still-high prices kept many potential buyers out of the market, according to preliminary tallies Tuesday by Motorintelligence.com.that dealerships use to do sales paperwork.
Analysts say inventories on dealer lots is building, especially for pickup trucks and other higher-priced vehicles. Discounts vary by demand for vehicles, with smaller, less-expensive models and gas-electric hybrids generally being in shorter supply. Many customers are delaying purchases, figuring that bigger discounts are coming.
Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: autocar - 🏆 93. / 67 Read more »
Source: sfexaminer - 🏆 236. / 63 Read more »
Source: soompi - 🏆 574. / 51 Read more »
Source: InsideEVs - 🏆 579. / 51 Read more »
Source: foodandwine - 🏆 366. / 59 Read more »
Bitcoin NFTs hit $4B in all-time sales volumeBitcoin NFTs recorded a sales volume of $171 million in the last 30 days, holding the top spot in that time frame.
Source: Cointelegraph - 🏆 562. / 51 Read more »