US auto sales fell strongly in September, with a number of major brands experiencing double digit declines for the month. While foreign automakers bore the brunt of the data, General Motors and US auto suppliers are being wracked by the ongoing GM workers’ strike to the tune of millions of dollars per day. Additionally, inventories continue to build and auto loan terms are lengthening to record levels as affordability for middle-class buyers erodes.
To read this Market Insight, you’ll need to sign in
If you don’t have a subscription, get in touch for a free trial.
