What was the cost of automakers' incentives in 2007? On average its $2,472 per vehicle, as shown in this graph detailing what the majors did last year to spur sales of autos. (Source: Edmunds, courtesy of CUDL's 2008 Business Intelligence Report.)
Sales of new vehicles reached their lowest point in nine years in 2007 and as shown in this graph, which spans a five-year term, used vehicles far outstripped sales of new ones. (Source: NADA and CNW Market Research, courtesy of CUDL's 2008 Business Intelligence Report.)
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.