Q2 Has Been No Piece Of Cake for The Super Sports Car Makers.
Report Updated: With June 2023 and Q2 on July 4th, 2023.
What a difference a year makes. Let’s take a look at quarterly sales for the premium sports car segment in the U.S., including all major premium sports car models. We compare last quarter’s premium sports car U.S sales at the model level with the same premium sports car model sales quarter last year.
Overall, in 2023, NADA anticipates new-vehicle sales of 14.6 million units – an increase of 6.6% from 2022.
On the ground, inflation has begun to cool slightly across the economy with the Bureau of Labor and Statics’ Consumer Price Index (CPI) declining from its peak of 9% year-over-year in June 2022. According to the CPI prices were up 7.1% year-over-year at the end of November 2022. Core CPI, which excludes volatile food and energy prices, has fallen to 6% year-over-year in November 2022, down from its peak of 6.7% in September 2022. NADA expects increases of the CPI should fall to 4% to 5% year-over-year by the end of 2023.
All of this has combined to deliver a fairly dismal Q2 2023.
