Automotive

New Car Sales Up For The Month and Year

A “lower quarter” amid a higher month and year to date feels like fertile ground for recession noise. Don’t be confused, friends!
No items found.
New Car Sales Up For The Month and Year

September is almost over. Time to wake up that guy from Green Day and see how auto retail performed for the month. 

New car sales will be up around 5.4% compared to September 2021. The annual count is up around 1.5M units year over year, setting expectations for a year of solid growth. Per unit, pricing is adjusted based on broader conditions which may deteriorate profitability.

The confusing part. Despite the month and year of growth, Q3 is down 4.2% compared to 2021.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.