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EMARKETER

High prices cause auto sales to stall in Q3

Article by Zak Stambor  |  Oct 2, 2024
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High prices cause auto sales to stall in Q3
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Topics
Automotive
Consumer Behavior
Business Strategies & Trends
United States

The trend: Automakers are bracing for another year of mediocre results as 2024 enters its final stretch.

  • Q3 new car sales fell 2.1% year over year (YoY), per a Cox Automotive forecast.
  • That’s right in the middle of Edmunds’ report of a 2.3% YoY decline and Wards Intelligence’s 1.9% YoY decline.

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