CNW: Pent-Up Demand Beginning to Dwindle
Pent-up demand hit a low point in July, according to CNW Research. The firm estimates that 94,000 consumers are looking to make a vehicle acquisition within six months vs. 103,500 a year ago.
Pent-up demand hit a low point in July, according to CNW Research. The firm estimates that 94,000 consumers are looking to make a vehicle acquisition within six months vs. 103,500 a year ago.
Concerns over GM and other recalled vehicles drove shoppers to Asian and European models in June, according to data from CNW Research.
CNW reported this week that sales picked up in late May, with the firm expecting deliveries for the month to increase 11% from a year ago.
The market research firm says improvements in several key metrics last month are setting the stage for a spring rebound in vehicle sales.
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