A Breakdown of U.S. Auto Industry Performance in October with Charlie Chesbrough

CBT News, Nov. 16, 2022 – New-vehicle sales volume has been stuck around the 1.1 million mark for several months. On today’s Inside Automotive, Charlie Chesbrough, senior economist and senior director of industry automotive of Cox Automotive, shares his take on how the U.S auto industry fared in October of 2022.

“The October sales were a bit of a pleasant surprise, they held up really well, and we had one of the largest selling paces that we have had since the beginning of the year, at a 14.9 million pace,” Chesbrough reports.