U.S. new vehicle sales expected to have struggled during third quarter
Publishing timestamp: 2024-09-26 14:30:37
Summary
U.S. new vehicle sales expected to fall 2% in third quarter compared to last year, with EV sales increasing. Affordability remains a major issue for consumers, with average transaction prices for new vehicles still high. Tesla's EV market share expected to drop below 50% for second consecutive quarter. EV sales are being boosted by incentives, including a $7500 federal credit for consumers.
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Keywords: business, toyota motor corp, autos, honda motor co ltd, business news, stellantis nv, united states, economic events, detroit, ford motor co, transportation, bayerische motoren werke ag, tesla inc, breaking news: business,
Source: https://www.cnbc.com/2024/09/26/us-new-vehicle-sales-third-quarter.html