Steel Markets
May 4, 2021
U.S. Auto Sales Disappoint in Q3, EV Demand a Bright Spot
Written by David Schollaert
U.S. automotive sales saw their lowest third-quarter performance in a decade, a 13.4% decline in new vehicle sales, due primarily to low inventory and high prices. In September, new-vehicle inventory was down nearly 60% from 2020, and sales suffered accordingly, said Cox Automotive.
New-vehicle sales totaled 3.395 million in the third quarter, the slowest third quarter in a decade – and September was notably off.
