Cox Automotive Forecast: New-Vehicle Sales Stall in September
Retrieved on:
Monday, September 27, 2021
The September 2021 sales pace will be down from August's 13.1 million pace and down from the September 2020 pace of 16.3million.
Key Points:
- The September 2021 sales pace will be down from August's 13.1 million pace and down from the September 2020 pace of 16.3million.
- Sales volume is forecast by Cox Automotive to come in near a notably low 1.0 million units.
- According to Cox Automotive Senior Economist Charlie Chesbrough: "After a strong spring selling season, the supply situation has worsened precipitously and is dragging sales down with it.
- Cox Automotive will officially revise its full-year forecast, with new projections scheduled to be released on September 30.