US new vehicle sales jump in third quarter as UAW strike casts shadow

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Top global automakers on Tuesday (Oct 3) reported a rise in US new vehicle sales for the third quarter, buoyed by resilient demand for latest models and improved supplies. General Motors Co extended a strong year as it posted an about 21 per cent rise in US sales to 674,336 vehicles, benefiting from demand

FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook/File PhotoTop global automakers on Tuesday reported a rise in US new vehicle sales for the third quarter, buoyed by resilient demand for latest models and improved supplies.

The companies have not disclosed a financial hit from the strikes yet and sales in September benefited from inventory that was built up in anticipation of the strike.

Source: Car News Wire (carnewswire.net)

 

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