FROM AUTOMOTIVE NEWS: Market Rebounds in September, Dips in Q3
September 2021 was one of the slowest selling months since the start of pandemic-related declines. This year, September ended with a 13.7 million SAAR, while U.S. light-vehicle sales saw a 0.4% decrease throughout the third quarter.
FROM THE WALL STREET JOURNAL: As More Cars Hit Dealership Lots, Buyers Feel Pinch of Rising Interest Rates
Despite rising inventory levels, consumer demand is expected to dampen in the coming months. Record prices, never-before-seen financing, and interest rates at a three-year high are factors making it difficult for buyers to commit to a purchase.
FROM BUSINESS INSIDER: GM Has Sold 80,000 More Cars Than Toyota This Year, Fighting Back After Losing Its 90-Year Streak as the USA’s Best-Selling Automaker
GM is on track to reclaim its top-selling title with a 24% sales increase in the third quarter, besting its international rival by selling nearly 30,000 more cars in the three month period.
FROM CAR AND DRIVER: The 25 Bestselling Cars, Trucks, and SUVs of 2022 (So Far)
See which models have been sustaining consumer demand throughout inventory shortages and major price increases. (Hint: trucks still reign supreme.) Where does your store’s inventory fall on the list?
Enjoyed this roundup? Subscribe to LotLinx News for weekly automotive industry-updates direct to your inbox.
Want more top headlines? Catch up on past editions of LotLinx News.