Light Vehicle Sales Drop in Second Quarter of 2022

Americans continue to buy vehicles nearly as fast as they arrive on dealer lots, as the nation is rife with stories chronicling perpetually empty lots and some establishments making bank with obscene markups.

We’ll leave those latter two topics for another day. Meanwhile, despite a consumer hunger for new cars, the market is down sharply compared to this time last year – double-digit percentages, in fact.

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Honda to CPO Used Cars a Decade Old

If you’re shopping for a second-hand Honda or Acura older than even that forgotten bottle of ranch in the back of your fridge, we’ve some good news. Those brands are allegedly expanding their HondaTrue certified pre-owned program to vehicles stretching back 10 years from its original in-service date.

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Blue's Clues: Ford Introduces Money-Back Used Car Program

The used car market may be red hot, but Ford seems to be intent on pouring a bunch of blue all over the place. Starting next month, certain second-hand vehicles hawked by Ford stores will qualify for a 14-day/1,000-mile money-back guarantee.

Or perhaps some dealers are feeling the heat from places like Carvana. That’s up for debate.

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You Gotta Take the TruCoat: Toyota Customer Alleges Dealer Bad Behavior

No one reading this will assert the current environment is anything but a seller’s market. Numerous vehicles are being hawked for many thousands (in some cases, tens of thousands) over sticker and a vast amount of machines are pre-sold before they arrive at dealerships on the back of a hauler. And all that assumes there are any rigs to be had at all.

One customer north of the border is alleging they have been denied the opportunity to buy a vehicle unless they also agreed to take roughly $3,000 worth of warranties and rustproofing. The dealer, of course, denies it all.

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  • Analoggrotto Another brilliant decision from a company known for making brilliant decisions. In 5 years or less we will be reading about how they plan to fully refurbish the building (thanks tax payers) and move right back in. Hyundai should buy this building and use it as a Nexus of Affluence.
  • SCE to AUX Hmm, must be part of Detroit's ongoing renewal.
  • SCE to AUX Polls about electric cars are worthless, but the media loves them."35 percent saying they might consider one"... Ridiculously untrue, unless that fraction meant 'might' = 50% and 'consider' = 20%, so you get a more realistic 10%.Likewise, the variance in unreliable polls only makes things worse, so comparing this year's bad poll to last year's bad poll is just dumb.
  • Ras815 "Showroom quality"? Which showroom would that be - a rural small-town used car lot?
  • TheMrFreeze Whenever I see "Junior" used like this, in my mind I hear Sean Connery calling Harrison Ford "Junior" in "Indiana Jones and the Last Crusade"