FROM THE WALL STREET JOURNAL: U.S. Auto Sales Showed Signs of Recovery in Third Quarter
Compared to Q2’s major dips, many automakers saw minimal year-to-date declines this quarter. GM and FCA saw drops around 10%, while other reporting OEMs were carried by their September month-over-month gains.
FROM CAR AND DRIVER: 25 Best-Selling Cars, Trucks, and SUVs of 2020 (So Far)
Pickup trucks top the list of this year’s most-sold units, followed by SUVs and classic sedans like the Civic and Camry. Despite top sales, most models have experienced anywhere from 10% to over 30% declines throughout the first three quarters.
FROM BLOOMBERG: Lexus Tops Mercedes, BMW as Production Squeeze Hits Luxury Sales
The luxury market is not immune to the effects of global factory shutdowns. After a 31% sales jump in September, Lexus is leading in quarterly sales due to the limited inventory of its German competitors.
FROM THE DETROIT NEWS: As New-Car Sales Get Back on Track, Dealers Have a New Problem: Low Inventory
Inventory levels were below 2.2 million in September, with new 2021 models only making up 3% of cars on dealers’ lots. Experts are uncertain how this lack of new and luxury inventory will shake out during the upcoming holiday season.
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