The auto industry’s more than yearlong struggle to get more vehicles on dealership lots is starting to wear on car shoppers, some of whom are giving up and dropping out of the market until the situation improves. Major car companies are expected to report third-quarter U.S. sales on Friday, with analysts predicting that quarterly results… Continue reading Low Auto Inventory and Higher Prices Wear Down Frustrated Car Shoppers
Tag: auto industry
U.S. Car Business Revs Up Amid COVID
The U.S. auto industry, hobbled this spring by the Covid-19 crisis, has bounced back stronger and faster than many expected with some companies reporting record profits in the third quarter. Even for an industry accustomed to boom-and-bust cycles, the speed of the auto sector’s recovery from the pandemic-related shutdowns last spring has surprised executives and… Continue reading U.S. Car Business Revs Up Amid COVID