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U.S. new vehicle sales, including retail and non-retail transactions, are estimated to reach 1,354,600 units in August, a 15.4% jump from a year earlier, according to the joint report by J.D. Power and GlobalData. Retail inventories could see a 48.4% jump in August over the year earlier. New-vehicle transaction prices, however, would likely see a 1.2% decline from the year earlier, as sales of smaller vehicle segments increased, which inherently have lower transaction prices.

Us Car Sales: Consumers are estimated to spend USD 47.8 billion on new vehicles, the highest on record for the month of August, and 10.5% higher than last year, the report said.

J.D. Power and GlobalData estimated 28.7% of new vehicles sold in July 2023 would be at or above sticker price.

On a muggy day in mid-July 1861, while the Union and Confederate armies were preparing to confront each other at the battle of Bull Run, a funeral procession wended its

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