Mixed US car sales in Q3 as industry hopes for post-election bounce …C0NTINUE READING HERE >>>
The Chevrolet Trax is emblemetic of the type of small vehicles that are selling well due to affordability issues.
Photo: Frederic J. BROWN / AFP/File
Source: AFP
US automakers reported mixed US third-quarter sales, pointing to sluggish demand as consumers contend with affordability challenges and wait for lower interest rates to reach the car lending market.
The reports included a bruising 20 percent decline in sales at Stellantis compared with the year-ago period. General Motors experienced a 2.2 percent fall, while Toyota US sales dropped by eight percent.
On the other side, Ford,…
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