What was the cost of automakers' incentives in 2007? On average its $2,472 per vehicle, as shown in this graph detailing what the majors did last year to spur sales of autos. (Source: Edmunds, courtesy of CUDL's 2008 Business Intelligence Report.)
|Sales of new vehicles reached their lowest point in nine years in 2007 and as shown in this graph, which spans a five-year term, used vehicles far outstripped sales of new ones. (Source: NADA and CNW Market Research, courtesy of CUDL's 2008 Business Intelligence Report.)
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