September U.S. Auto Sales Rate Up

While overall U.S. auto sales in September were lower than the previous year due to Labor Day timing and fewer selling days, the sales rate improved. Despite this, the auto market remains stagnant due to high interest rates and vehicle prices.

Despite increasing inventory levels, pressure to sell the remaining 2024 models will grow as 2025 models become more available. While some automakers reduce production, affordability issues are expected to persist due to high interest rates and vehicle prices. The long-term forecast remains positive for electric vehicle sales, which have seen steady growth in recent months.

Read more: https://lnkd.in/ePaXEMNq

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