“July continues the prevailing theme of robust sales growth thus far in 2023, facilitated by amplified vehicle production and pent-up consumer demand. July year-to-date total sales will be slightly more than 9.0 million units – an increase of 14.4% from a year ago, but still below pre-pandemic sales levels, which were north of 9.8 million. As sales volumes improve, the average new-vehicle retail transaction prices are declining modestly, down 1.9% from July 2022,” said Thomas King, president of the data and analytics division at J.D. Power.