Sometimes you can make more by making less. The average new vehicle sold for just under $49,000 in November.
Car makers sold just shy of 14 million new vehicles in 2022, according to new data out Wednesday. That's well below the nearly 18 million annual sales rate in the years before the pandemic.Intuitively, it may seem that falling sales would be bad for business. But that's not always the case asIn fact, the pandemic seems to have pushed the U.S.
auto business away from its previous habit of overproducing cars and then discounting them to move them off the lot, to a new business model stressing lower production, higher prices and fatter profit margins.: Through the third quarter, profits in the category of domestic manufacturers that includes automakers were at their highest level since 2016 , according to data from
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