( ) -q-22- UNDATED (Correspondent Jeremy House) “during the pandemic.” Automakers posted big increases in new vehicle sales during the summer, despite high prices, rising interest rates and even a limited strike against Detroit companies. [CutID: <Cuts> AUTOMAKERS-SALES-house-q-WEDam.mp3 Time: 22s Title: AUTOMAKERS-SALES-house-q-WEDam Out-cue: during the pandemic] TAG: Correspondent Jeremy House reporting. With increased selection, more […]
Audio
US automakers’ sales rose sharply over the summer, despite high prices and interest rates
( ) -q-22- UNDATED (Correspondent Jeremy House) “during the pandemic.”
Automakers posted big increases in new vehicle sales during the summer, despite high prices, rising interest rates and even a limited strike against Detroit companies.
[CutID: <Cuts> AUTOMAKERS-SALES-house-q-WEDam.mp3
Time: 22s
Title: AUTOMAKERS-SALES-house-q-WEDam
Out-cue: during the pandemic]
TAG: Correspondent Jeremy House reporting. With increased selection, more people bought vehicles, despite an average monthly payment of $736. Edmunds.com Director of Insights Ivan Drury says those who are buying new vehicles now are doing it because they need to.
———————————
VERBATIM: Industry sales rose 16.3% from July through September as consumer demand stayed strong. This despite an average new vehicle loan rate of 7.4% and an average vehicle price of more than $45,500. Vehicle supplies also continued to recover from shortages of computer chips and other parts that began during the pandemic.