Report: In October these cars, trucks sold the fastest in Seattle

According to a new report, sale speeds for new and used cars slowed in October, but not because the microchip shortage is ending.

iSeeCars.com, an automotive research firm, examined more than 250,000 sales of new and used vehicles across the country in October. The study found that both new and used cars were selling more than a week slower than in September. iSeeCars Executive Analyst Karl Brauer attributes the slowdown to increased inventory and price increases.

“The demand for new and used cars has slowed in October, which is likely the result of increased inventory over September and because elevated car prices may have deterred consumers from buying a car

→ Continue reading at Seattle PI

Similar Articles

Advertisment

Most Popular

Paramount+ is coming to The Roku Channel

The streaming service Paramount+ is coming to the The Roku Channel as a premium option later this month, the maker of set-top boxes announced...

Deshaun Watson receives 6-game suspension from arbiter

Independent disciplinary officer Sue L. Robinson ruled on Monday that Browns quarterback Deshaun Watson should be suspended for six games in the 2022 season,...

Music Industry Moves: Eurovision’s Rosa Linn Inks Deal With Columbia Records; Artist Publishing Group Ups Three

Columbia Records has signed Eurovision star Rosa Linn (pictured), who represented Armenia in the 2022 global song competition. Linn joins a roster that includes...