Car Sales in the US
Cars are often the second-largest consumer expense after housing. While housing usually accounts for the largest portion of a consumer's budget, automobiles follow closely behind, making them one of the most significant purchases people make.
In September, car and light truck sales adjusted for seasonality reached 15.8 million units annually, half a percent below last year’s level. Car sales peaked at close to 18 million in the 2015-16 period, then slowly dropped to around 16.5 million by 2019.
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(Original air-date: 10/25/24)
