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This week's news roundup features 591,000 vehicle recalls from Toyota and Lexus, why industry leaders are saying that change management is more important than the vehicles themselves, and fleet award announcements.
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The market moves reflect an ideal blend of improved consumer sentiment, bigger discounts, and evident optimism in the market.
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As the number of new vehicles increases and incentives rise, the auto industry is seeing the highest days’ supply in two years.
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Although the SUVs show high ratings across the board, protection of the back seat earned them the Top Safety Pick+ award.
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The recall involves certain model year 2022-2024 Toyota Tundra pickup trucks and Lexus LX SUVs.
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The total U.S. supply of available unsold new vehicles in November climbed 57%, or 925,000 units, from the same time a year ago.
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The awards recognize vehicle models projected to hold the highest percentage of their MSRP following a three-year period of ownership.
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The average listing price of a vehicle remained above $47,000 since April, while the ATP of a new vehicle in July was $48,334 compared with $48,671 in June.
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Consumer Reports has released its annual vehicle reliability rankings.
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