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23 Dec
18:53

Inventory shortages continue to impact US auto sales

Inventory shortages continue to hurt retail automotive sales in the US market, Kallanish learns from an automotive forecast from JD Power and LMC Automotive. Although improving 24% from November, retail sales of new vehicles are expected to show a 20% on-year decline to just over 1.1 million units in December, the analytics agencies say. Total retail sales are estimated to be 11.7m units for 2021 on a seasonally adjusted annual basis - an 18% drop from 2020 sales…
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