U.S. auto sales idle as prices remain high


By Xia Lin
  • World
  • Wednesday, 02 Oct 2024

NEW YORK, Oct. 1 (Xinhua) -- Elevated new-vehicle prices and high borrowing costs are keeping some U.S. car shoppers on the sidelines, pointing to what is expected to be another lackluster sales year for automakers, reported The Wall Street Journal (WSJ) on Tuesday.

"Industry forecasters expect third-quarter U.S. vehicle sales to come in roughly flat compared with a year earlier," said the report. Most major automakers are scheduled to report results for the July-to-September period throughout the day Tuesday.

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