U.S. new car sales declined year-over-year in the third quarter, although new vehicle sales are trending upward from the lows earlier in the pandemic. “New-vehicle buyers haven’t left the market — a reality in-line with the more uneven K-shaped recovery many economists have been reporting — and that has helped propel the recovery in sales,” said Car and Driver. Consistently low interest rates and rising used vehicle prices have likely helped the new-car market. (Source: Car and Driver) Read the original article…
