13 min read
National Trend Update: Shopping is on the Rise and Car Prices are at an All-Time High.
National Trend Update: Shopping is on the Rise and Car Prices are at an All-Time High 7-over-7 Day
1 min read
ZeroSum 9/14/20 9:43 AM
National Moved Vehicles
National Moved Vehicles
As September started, ZeroSum’s 7/7 Market Trend data showed moved vehicles across the nation were down -13.4%. As for individual states, California’s (+7.8%) performance grew the most last week, only a few points above that of Louisiana (+7.3%). Nevada showed growth as well, even though it was barely +1.0%.
State
|
7-over-7
|
---|---|
National
|
-13.4%
|
California
|
+7.8%
|
---|---|
Louisiana
|
+7.3%
|
Nevada
|
+1.0%
|
Arizona
|
-0.1%
|
---|---|
South Carolina
|
-0.6%
|
Month-to-date the national view (+9.7%) showed South Carolina (+10.4%) leading the nation in growth MTD. Nevada (+9.6%) almost touched double digit growth, followed by Arizona (+4.5%), Utah (+4.1%), and Arkansas (+3.2%).
State
|
MTD
|
---|---|
National
|
-9.7%
|
South Carolina
|
+10.4%
|
---|---|
Nevada
|
+9.6%
|
Arizona
|
+4.5%
|
Utah
|
+4.1%
|
Arkansas
|
+3.2%
|
ZeroSum AI™ showed an increase in shopping which made for a good start to a strong September. These inventory shortages have been at record low levels (barely +1%) across the nation. However, as shopping increased last week (+1.3%) and dealerships are still making strong profits some OEM brands have less than 40 days of inventory available.
7-over-7 Days • Nationally
7-over-7 Days • Nationally
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