September is almost over. Time to wake up that guy from Green Day and see how auto retail performed for the month.
New car sales will be up around 5.4% compared to September 2021. The annual count is up around 1.5M units year over year, setting expectations for a year of solid growth. Per unit, pricing is adjusted based on broader conditions which may deteriorate profitability.
The confusing part. Despite the month and year of growth, Q3 is down 4.2% compared to 2021.
TL; DR - Tesla says their Chinese sales are aok, and you should mind your business. Carvana should mind its business, but, like, in a ‘get things in order’ kinda way, and the used car business is seeing an influx of exotic cars as Crypto investors face a time “between prosperity.”