Recent estimates from the Bureau of Economic Analysis (BEA) showed that more car buyers bought domestic vehicles than their foreign counterparts. This comes as the U.S. auto market is attempting to recover from the lockdown as a result of the COVID-19 pandemic.
After a two-year hiatus, Ford Motor Company has decided to release its U.S. monthly sales reports again. This was reported by Bloomberg and picked up by Automotive News.
A recent report from iSeeCars showed that the average price for a used car during the month of August increased 4.1% over the previous month. Last month’s average price was $23,705, compared to $22,764 in July.
With new car sales staging a comeback last month after a horrible showing the previous month, all signs also point to more people getting rid of their junk cars.