LotLinx Weekly News Vol. 234: Don’t Let the Fear of Low Demand Keep You From Playing the Game

FROM AUTOMOTIVE NEWS: Market Rebounds in September, Dips in Q3

September 2021 was one of the slowest selling months since the start of pandemic-related declines. This year, September ended with a 13.7 million SAAR, while U.S. light-vehicle sales saw a 0.4% decrease throughout the third quarter.

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FROM THE WALL STREET JOURNAL: As More Cars Hit Dealership Lots, Buyers Feel Pinch of Rising Interest Rates

Despite rising inventory levels, consumer demand is expected to dampen in the coming months. Record prices, never-before-seen financing, and interest rates at a three-year high are factors making it difficult for buyers to commit to a purchase.

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FROM BUSINESS INSIDER: GM Has Sold 80,000 More Cars Than Toyota This Year, Fighting Back After Losing Its 90-Year Streak as the USA’s Best-Selling Automaker

GM is on track to reclaim its top-selling title with a 24% sales increase in the third quarter, besting its international rival by selling nearly 30,000 more cars in the three month period.

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FROM CAR AND DRIVER: The 25 Bestselling Cars, Trucks, and SUVs of 2022 (So Far)

See which models have been sustaining consumer demand throughout inventory shortages and major price increases. (Hint: trucks still reign supreme.) Where does your store’s inventory fall on the list?

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