Source: Shutterstock.
Cox Automotive said it expects tight inventory and high prices will cause new and used car sales in September to fall for the fifth month in a row.
The analytics company said Monday it expects sales of new cars and light trucks to fall to one of the lowest levels in the past decade. It forecast dealers will sell one million new vehicles in September, which will be 8% lower than in August and 26% lower than in September 2020.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
