Car Sales Rebound in October Despite Factory Strike, But Still Below Pre-Pandemic Levels
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October saw a strike close many car factories, but Americans went car shopping anyway, with sales up 4% vs last October.
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New vehicle sales still below pre-pandemic levels of over 17 million a year, but projected to reach 15.8 million this year.
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Inventory levels growing, with dealers now having 62 days' supply on average, up from 48 days a year ago.
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Toyota and Honda have tightest inventory, while Ford, Lincoln and Stellantis brands have over 100 days' supply.
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UAW strike continues to negatively impact Detroit automakers' production and inventory levels.