Strong Q3 performance for auto sales defies economic challenges

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According to an estimate by Cox Automotive, the robust year-over-year sales recovery continued in the third quarter. Despite rising interest rates on new-vehicle loans and a UAW strike against the major domestic manufacturers, September sales volumes are expected to exceed about 1.3 million, a more than 13% rise from 2022. Moreover, sales in Q3 are predicted to top 3.9 million, up more than 15% from the same period last year.

As the first three-quarters of 2023 close, Charlie…

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