U.S. new vehicle retail sales set to fall 25% in Sept – data

By Reuters

New vehicle retail sales in the United States are seen dropping to 888,900 units in September, from 1,182,788 a year ago. “September results show that there are simply not enough vehicles available to meet consumer demand,” J.D. Power said in a statement. While demand remains sky high for personal transportation, with consumers set to spend billions in September, automakers are crimped by semiconductor shortages and supply chain disruptions.

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