New vehicle sales in the United States for the third quarter are expected to be lower than a year before and lower than what was reported sold in the second quarter. Affordability remains an obstacle for many consumers.
General Motors and Stellantis — which makes Chrysler, Dodge, Jeep, Ram and Fiat brands — are expected to report their third-quarter U.S. sales results Tuesday. Ford Motor reports on Wednesday.
Edmunds.com, a car-shopping site, said that it predicts the industry will have sold 3,902,326 new vehicles in the third quarter, a 2.3% decrease compared with the third quarter of 2023 and a 4.7% decrease from last quarter. Edmunds' Head of Insights Jessica Caldwell pointed to continued high prices and interest rates as holding down sales.
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