Colorado consumers registered 11.3% fewer new cars and trucks in the first half of the year than they did in the first half of 2021, according to a quarterly update from the Colorado Automobile Dealers Association.
That decline was smaller than the 17.9% decline nationally in vehicle registrations but larger than the 7.1% decline in Colorado in used vehicle registration, which includes vehicles 7 years old or newer.
Jackson noted that “new vehicle inventories at dealers statewide are exhausted.” Higher interest rates, vehicle price increases and higher gasoline prices all weighed on sales.
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