As new-vehicle market rises, used market will dip

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The factory flow of new vehicles appears to be picking back up at last, promising dealers an improved inventory for 2023 and beyond.

But used cars and trucks might be a different story.

Do the math.

From 2020 through 2022, U.S. retailers sold 43.5 million new vehicles. That was a decline of 8.2 million new vehicles from the number sold in the three previous years, according to the Automotive News Research & Data Center.

So that was 8.2 million vehicles that did not enter into the…

Continue reading this news update.

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