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Reuters

Reuters

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Technology

US new vehicle sales set to rise 8.1% in February, report says

Reuters
Summary
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83% Informative

U.S. new vehicle retail sales are expected to rise 8.1% to 1.01 million units in February on an adjusted basis.

However, the rise in sales is not enough to offset the decline in total profit per unit for retailers.

The average retail transaction price for new vehicles is trending toward $ 44,619 , up $ 71 from February 2024 .