FROM REUTERS: Tight Inventories Set the Stage for U.S. Auto Industry Rebound
Dealers should expect to continue running lean lots throughout the end of the year. Although nearly 50% of units turn in less than 20 days, analysts predict national new car inventory levels won’t exceed 3.2 million units in the coming months.
FROM WARDSAUTO: Upgraded 2020 Sales Outlook
Analysts have increased the light-vehicle sales forecast to 13.9 million units, a significant bump from this spring’s predictions of 12 million. However, dealers should proceed into the fourth quarter with caution due to a number of national uncertainties.
FROM AUTO REMARKETING: 4 Straight Months of Used-Car Sales Gains
Used car sales reigned supreme for another month, with a predicted 3.8 million units sold. The timely trend toward used inventory is expected to result in a 26% increase quarter over quarter and an 11% increase year over year.
FROM NBC: California Wants to Ban Gas-Powered Cars, but Is the Auto Industry Ready to Go All Electric?
The push toward all-electric wages on with new government mandates opposing traditional engine models. Analysts hope electric sales will reach 5 million by 2025, however automakers will need to tackle budget-conscious models and accessible charging stations before that becomes a reality.