Overall, Edmunds expects industrywide US sales to be up 16%. Toyota, the second-largest automaker in terms of US sales, reported that combined US sales at its Toyota and Lexus brands increased 12% in the quarter, a bit stronger than Edmunds’ forecast of an 11% gain. Other automakers also reported strong sales gains. “New-vehicle sales have remained somewhat consistent as pent-up demand keeps sales afloat despite economic challenges,” said Jessica Caldwell, Edmunds’ head of insights. Its third-quarter sales, reported Monday, were down 7% compared to the second quarter, falling short of forecasts, but were still up 27% from the year-ago figure. Non-union electric car maker Tesla reports only global sales, not breaking out US sales. “It’s that they’re asking for a lot of money and not putting enough incentives out there to get customers coming through.”įord won’t report its sales until Wednesday, but sales there are forecast to be up about 8%, according to Edmunds. “I don’t think it’s strike-related yet,” he said. He said Stellantis’ existing inventory is more fully loaded with options that lift prices. “For Stellantis, it comes down to affordability,” said Ivan Drury, analyst for sales tracker Edmunds. Emily Elconin/Bloomberg/Getty Imagesīeyond the automakers: How the UAW strike may hit the US economy The United Auto Workers began an unprecedented strike at all three of the legacy Detroit carmakers, kicking off a potentially costly and protracted showdown over wages and job security. Michigan Assembly plant in Wayne, Michigan, US, on Friday, Sept. United Auto Workers (UAW) members cheer as cars honk on a picket line outside the Ford Motor Co.
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