Automotive

February New Vehicles Sales

It is a little surprising anything got sold at all last month since February feels less like a month and more like a few weekends in a trench coat. #HowIsItAlreadyMarch?
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February New Vehicles Sales

Total new vehicle sales for February 2023 were up 7.2% from last year. 

One contributing factor to the rise is a 54% increase in fleet sales. Manufacturers have increased production for the segment, while retail availability remains low.

Prices maintain historically high levels with new vehicle prices up 4.8% year over year with an average of $46,229. 

While all the above is happening, average interest rates have climbed around 2.5% from last year up to 6.78%.

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