Auto. Luxury car steering wheel and dashboard with monitor Source: Adobe Stock.

The year is shaping up to be better than expected for new car sales as supplies have become more abundant and manufacturers are starting to amp up incentives as the threat of a recession looms, according to Cox Automotive analysts.

Chief Economist Jonathan Smoke said March numbers showed a clear shift in momentum toward new cars as the supply issues that drove new car buyers into the used car lots during the pandemic are now reversed.

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Jim DuPlessis

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