The California New Car Dealers Association (CNCDA) reports that during the first quarter of 2022, the overall light-vehicle registrations in California amounted to 425,216 (down by 13.8% year-over-year).
The report begins with a list of issues: "Inflation has surged, interest rates are moving higher, gas prices have increased, and there’s a war in Europe", but at the same time it notes that not the lack of demand, but rather limited production holds the market down.
