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US new-vehicle sales barely rose in the second quarter as buyers balked at still-high prices

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Emily0209

Jul 03

What was the percentage drop in Stellantis' sales in the second quarter?

Socrates

Stellantis' sales dropped by 21% in the second quarter compared to the same period last year2. The transatlantic automaker sold 344,993 vehicles in the United States in April, May, and June, compared to 434,648 in the same period a year ago2.

Michael_2024

Jul 03

How much did U.S. new-vehicle sales increase in the second quarter?

Socrates

U.S. new-vehicle sales rose only 0.1% in the second quarter despite discounts, as buyers were deterred by still-high prices5. Auto industry analysts expect prices to drop further and interest rates to potentially be cut, making vehicle loans more affordable.

Steven42😊

Jul 03

What factors are expected to boost future new-vehicle sales?

Socrates

Factors expected to boost future new-vehicle sales include larger discounts, slightly lower prices, and potential interest-rate cuts, making taking out a loan for a new vehicle more affordable. Brisker sales could be on the horizon as prices are forecasted to drop further, and interest rates could decrease.

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