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SVTPerformance's Chain of Restaurants
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Current New Vehicle Market
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<blockquote data-quote="Weather Man" data-source="post: 16825404" data-attributes="member: 137766"><p>That used car finance rate!</p><p></p><h3>September new vehicle sales rise 13% Y/Y, used vehicle sales down 11% Y/Y</h3><p>Sep. 29, 2022 10:34 AM ET<a href="https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AF" target="_blank">F</a>, <a href="https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AGM" target="_blank">GM</a>, <a href="https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ATM" target="_blank">TM</a>, <a href="https://seekingalpha.com/symbol/HMC?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AHMC" target="_blank">HMC</a>, <a href="https://seekingalpha.com/symbol/HYMLF?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AHYMLF" target="_blank">HYMLF</a>, <a href="https://seekingalpha.com/symbol/VLKAF?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AVLKAF" target="_blank">VLKAF</a>, <a href="https://seekingalpha.com/symbol/BMWYY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ABMWYY" target="_blank">BMWYY</a>, <a href="https://seekingalpha.com/symbol/NSANY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ANSANY" target="_blank">NSANY</a>, <a href="https://seekingalpha.com/symbol/HYMTF?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AHYMTF" target="_blank">HYMTF</a>, <a href="https://seekingalpha.com/symbol/TSLA?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ATSLA" target="_blank">TSLA</a>, <a href="https://seekingalpha.com/symbol/HYMPY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AHYMPY" target="_blank">HYMPY</a>, <a href="https://seekingalpha.com/symbol/VWAGY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AVWAGY" target="_blank">VWAGY</a>, <a href="https://seekingalpha.com/symbol/DTRUY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ADTRUY" target="_blank">DTRUY</a>By: <a href="https://seekingalpha.com/user/51785401/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews" target="_blank">Manshi Mamtora</a>, CFA<a href="https://seekingalpha.com/news/3887176-september-new-vehicle-sales-rise-13-yy-used-vehicle-sales-down-11-yy#comments" target="_blank">1 Comment</a></p><p></p><p><img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/157560692/image_157560692.jpg?io=getty-c-w750" alt="starting the car - car key in ignition lock" class="fr-fic fr-dii fr-draggable " style="" /></p><p>deepblue4you/E+ via Getty Images</p><p></p><ul> <li data-xf-list-type="ul">According to TrueCar <a href="https://seekingalpha.com/pr/18957809-truecar-releases-analysis-of-september-and-third-quarter-industry-sales?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">total new vehicle industry sales</a> are expected to reach 1.14M units in September 2022, up 13% Y/Y and up 3% M/M.</li> <li data-xf-list-type="ul">Used vehicle sales for September 2022 are expected to reach 3M, down 11% Y/Y and down 4% M/M.</li> <li data-xf-list-type="ul">Fleet sales for September 2022 are expected to be up 57% Y/Y and up 5% M/M.</li> <li data-xf-list-type="ul">Excluding fleet sales, company expects U.S. retail deliveries of new cars and light trucks to be 987,378 units, up 8% Y/Y and up about 3% M/M.</li> <li data-xf-list-type="ul">Incentive spend is down 54% Y/Y and down 2% M/M.</li> <li data-xf-list-type="ul">This month's seasonally adjusted annualized rate (or SAAR) for total light vehicle industry sales is an estimated 13.4M, up 9% Y/Y.</li> <li data-xf-list-type="ul">Total SAAR is expected to be up 9% Y/Y at 13.4M units.</li> <li data-xf-list-type="ul">The average interest rate on new vehicles is 5.9% compared to August 2022 at 5.8% and the average interest rate on used vehicles is 9%.</li> <li data-xf-list-type="ul">Quarterly incentive spend down 55%.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16825404, member: 137766"] That used car finance rate! [HEADING=2]September new vehicle sales rise 13% Y/Y, used vehicle sales down 11% Y/Y[/HEADING] Sep. 29, 2022 10:34 AM ET[URL='https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AF']F[/URL], [URL='https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AGM']GM[/URL], [URL='https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ATM']TM[/URL], [URL='https://seekingalpha.com/symbol/HMC?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AHMC']HMC[/URL], [URL='https://seekingalpha.com/symbol/HYMLF?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AHYMLF']HYMLF[/URL], [URL='https://seekingalpha.com/symbol/VLKAF?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AVLKAF']VLKAF[/URL], [URL='https://seekingalpha.com/symbol/BMWYY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ABMWYY']BMWYY[/URL], [URL='https://seekingalpha.com/symbol/NSANY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ANSANY']NSANY[/URL], [URL='https://seekingalpha.com/symbol/HYMTF?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AHYMTF']HYMTF[/URL], [URL='https://seekingalpha.com/symbol/TSLA?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ATSLA']TSLA[/URL], [URL='https://seekingalpha.com/symbol/HYMPY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AHYMPY']HYMPY[/URL], [URL='https://seekingalpha.com/symbol/VWAGY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AVWAGY']VWAGY[/URL], [URL='https://seekingalpha.com/symbol/DTRUY?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ADTRUY']DTRUY[/URL]By: [URL='https://seekingalpha.com/user/51785401/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews']Manshi Mamtora[/URL], CFA[URL='https://seekingalpha.com/news/3887176-september-new-vehicle-sales-rise-13-yy-used-vehicle-sales-down-11-yy#comments']1 Comment[/URL] [IMG alt="starting the car - car key in ignition lock"]https://static.seekingalpha.com/cdn/s3/uploads/getty_images/157560692/image_157560692.jpg?io=getty-c-w750[/IMG] deepblue4you/E+ via Getty Images [LIST] [*]According to TrueCar [URL='https://seekingalpha.com/pr/18957809-truecar-releases-analysis-of-september-and-third-quarter-industry-sales?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']total new vehicle industry sales[/URL] are expected to reach 1.14M units in September 2022, up 13% Y/Y and up 3% M/M. [*]Used vehicle sales for September 2022 are expected to reach 3M, down 11% Y/Y and down 4% M/M. [*]Fleet sales for September 2022 are expected to be up 57% Y/Y and up 5% M/M. [*]Excluding fleet sales, company expects U.S. retail deliveries of new cars and light trucks to be 987,378 units, up 8% Y/Y and up about 3% M/M. [*]Incentive spend is down 54% Y/Y and down 2% M/M. [*]This month's seasonally adjusted annualized rate (or SAAR) for total light vehicle industry sales is an estimated 13.4M, up 9% Y/Y. [*]Total SAAR is expected to be up 9% Y/Y at 13.4M units. [*]The average interest rate on new vehicles is 5.9% compared to August 2022 at 5.8% and the average interest rate on used vehicles is 9%. [*]Quarterly incentive spend down 55%. [/LIST] [/QUOTE]
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