October Vehicle Output Up
Upward trend shows strong sign of recovery from pandemic-era downturn.
October output totaled 1.32 million light vehicles for a year-to-date sum of 12.4 million, up 13% year-over-year.
IMAGE: Getty Images
North American new-vehicle output rose 15% year-over-year in October, according to Automotive News.
The publication’s Research and Data Center reports that the uptick represents the ninth straight month of production increases from a year earlier.
October’s output totaled 1.32 million light vehicles for a year-to-date sum of 12.4 million, up 13% year-over-year.
It did point out that October production was the smallest-volume output since July, though overall improvements signal an upward trend away from pandemic-era volatility that started in April 2020.
Automotive News foresees that full-year production will the strongest since 16.4 million in 2019.
READ MORE: Over 100,000 Vehicles Cut From North American Production Schedules
Originally posted on Auto Dealer Today
More Industry
Consumers Mixed on Economy, Finances
A July survey shows spotty sentiment of current and future conditions, in addition to demographic differences as overall opinion of present circumstances kept sliding.
Read More →
EVs Closing the European Gap
Electrified powertrains led June new-vehicle sales in Europe, reaching 26% of the market.
Read More →
Early Intervention Saves Retention
Sales and service departments have the highest annual dealership turnover rates, according to a new industry report, costing money and time that could be better spent elsewhere.
Read More →
Autos More Appealing
Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.
Read More →
Used EVs Defy Overall Market
While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Gone to the Dogs
A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →