Edmunds.com said Monday that sales fell 0.9% from July through September, with most automakers reporting declines. General Motors was a notable exception, logging a big increase.
U.S. new vehicle sales fell slightly in the third quarter, even though some automakers reported improvement in September. But there are warning signs consumers’ appetite for expensive new cars, trucks and SUVs may be waning.
Edmunds.com said Monday that sales fell 0.9% from July through September, with most automakers reporting declines. General Motors was a notable exception, logging a big increase.
Many companies, including GM, said sales rose in September as shortages of computer chips and other parts started to ease and auto factories were able to produce more, increasing vehicle supplies. But analysts said any monthly gain may be short lived due to high prices and rising interest rates.
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