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New light-vehicle sales in October 2022 totaled a SAAR of 14.9 million units, the second-highest monthly total this year.
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The FTC voted 5-0 against a further deadline extension after receiving approximately 2,400 comments.
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The National Automobile Dealers Association issued its analysis of U.S. auto sales and the economy for the second quarter of 2022.
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This week, NADA and 12 industry partners urged Congress to take up the PART Act to help fight catalytic converter theft, and specifically asked for the House Energy and Commerce Committee to hold a hearing on this important issue.
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Moving into 2022, NADA anticipates new-vehicle sales of 15.4 million units – an increase of 3.4% from 2021.
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New light-vehicle sales totaled 14.93 million units in 2021, up 3.1% from 2020’s 14.47 million. December 2021’s SAAR totaled just 12.44 million units, down 23.7% from December 2020.
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While November began with a slight increase in inventory levels from September’s all-time lows, limited vehicle availability continues to keep sales well below current demand.
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NADA economist forecasts supply chain challenges, including the chip shortage, will persist well into 2022.
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During this session, NADA's senior vice president of regulatory affairs will address the important compliance challenges of the day.
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Paul Walser, NADA's 2021 Chariman, recently released a message to the association's members.
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