Open economies, government stimulus, and steady demand are making a financial impact as the auto industry boosts retail revenues this summer, reports said.
The COVID-19 pandemic sent the economy into a tailspin in 2020, but some encouraging signs came from June economic numbers suggesting the retail industry is slowly beginning to bounce back.
The June increase, as well as the jump in May, was based largely on car sales.
Demand may still be apparent. Car dealers, though, have seen wholesale values for vehicles increase over the past months. It’s more expensive to increase the size of a fleet.
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