News

October New Vehicle Sales, Bolstered by SUVs, Continue Recovery

Original Article from Car and Driver >

New car sales have been climbing up since lows in the spring thanks to strong sales of larger vehicles. Nonetheless, weaknesses in the recovery persist.

  • The sales data from those that report monthly numbers show that while the automakers are still being affected by the pandemic, the worst is behind them.
  • Ford added itself to the list of monthly reporters in October, a decision which will continue for the “foreseeable future.”
  • Growth in SUV and truck segments were largely the reason why automakers saw their sales largely flat as compared to last October.

The auto industry—or at least those companies that report monthly data—showed in October what we have seen in the last few months: a steady recovery from a low point in sales back in the spring. And although new vehicle sales still aren’t quite what they were last year, the strength in sales of SUVs and trucks has kept the industry optimistic through October.

Auto Dealership Broker | Car Dealership Brokers