Le Lézard
Classified in: Transportation, Science and technology, Business
Subjects: SVY, MRR

ZeroSum Market First Report: June 2022 Automotive New, Used, and EV Inventory Data and Sales Forecasts

GRAND RAPIDS, Mich., June 27, 2022 /PRNewswire/ -- 

The ZeroSum Market First Report is the automotive industry's first source to predict month-end vehicle movement, providing vital supply and demand trend data to automotive marketers and dealers. ZeroSum uses predictive modeling to accurately estimate new vehicle inventory, pricing trends, and market share. 

This June, ZeroSum data shows that new vehicle inventory levels remain flat, while used vehicle inventory decreased almost two percent. Despite lower used inventory levels, used car prices decreased while new car prices remain on the rise.

Meanwhile, semi-conductor chip shortages continue to impact the strategies of auto makers. In 2022, total vehicle sales is expected to be about 83 million, but OEMs are forecast to order chips for about 120 million cars to mitigate risk associated with the shortages. The good news for dealerships is that new car prices are still high, but they will need to keep an eye on the rapidly evolving market to ensure they stay competitive.

ZeroSum's Take: What You Need to Know

With consistent levels of new inventory and rising new car prices, dealers continue to benefit from increased levels of profit. However, consumers are not always willing to pay above MSRP for a car. As used car prices begin to fall and consumer uncertainty rises, dealers will need to accelerate turn rates and mitigate operating costs to maintain profit levels.

Here are your key takeaways: 

  1. Market your used cars. As new vehicle inventory remains tight and sales targets are harder to meet, dedicate some of your budget to selling your pre-owned inventory.
  2. Price competitively and buy strategically. Used car prices are falling, meaning you will need to keep an eye on pricing trends to ensure you stay competitive. At the same time, you may need to be more conservative than before with buying used cars.
  3. Win priority allocation from your OEM. When inventory is low, manufacturers allocate the most cars to the dealers that sell them the fastest. Turn cars faster than others in your market to win more inventory.

To read the entire report and view supplemental charts, visit our website: https://www.zerosum.ai/blog/zerosum-market-first-report-2022-6


ZeroSum is a leader in software, marketing, and data. Powered by its SaaS platform, MarketAI, ZeroSum is simplifying and modernizing automotive marketing by leveraging artificial intelligence, data, and scaling ability to acquire new customers. ZeroSum is the first and only company that matches consumer demand with automotive data in real time. For more information, visit?www.zerosum.ai.? 

For media inquiries, please contact [email protected]



These press releases may also interest you

at 11:16
Harvest Commodities' ship, M/V Riva Wind, has departed from the Port of Odessa, Ukraine with 50,000 tons of grain, and the second ship, M/V Arizona, has left the Port of Chornomorsk, Ukraine with 55,000 tons of grain. The grain belongs to a joint...

6 aoû 2022
Alaska Airlines' airport customer service agents, stores, cargo, ground service and reservations agents, who are represented by the International Association of Machinists and Aerospace Workers (IAM), have ratified a two-year contract extension. The...

6 aoû 2022
There is a piece of splendid news for the drivers near Stony Plain, Alberta. Stony Plain Chrysler, a family-owned automotive dealership in the locality, offers Summer Peace-of-Mind Maintenance Service at $99.95 ($104.95 for HEMIs), valid till Aug....

5 aoû 2022
The latest market analysis report titled Aircraft Weather Radar System Market by Application and Geography - Forecast and Analysis 2022-2026 has been recently added to Technavio's catalog. The report predicts the market to witness a potential growth...

5 aoû 2022
Sceye, a manufacturer of High-Altitude Platform Stations (HAPS), announced that it reached the stratosphere on June 14, 2022 with the aim of demonstrating the ability to stay over an area of operation for months at a time using renewable energy...

5 aoû 2022
The Minister of Transport, the Honourable Omar Alghabra, the Minister of Health, the Honourable Jean-Yves Duclos, the Minister of Public Safety, the Honourable Marco Mendicino, and the Minister of Tourism and Associate Minister of Finance, the...

News published on 27 june 2022 at 17:08 and distributed by: