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  • New Vehicle Sales +20% in Q3 YoY. Pent-Up Demand Comes Home to Roost. Our Drunken Sailors in No Mood for a Recession

New Vehicle Sales +20% in Q3 YoY. Pent-Up Demand Comes Home to Roost. Our Drunken Sailors in No Mood for a Recession

October 05, 2023

by Wolf Richter Wolf Street

Average listing price rose 2.2% to $47,417. The strikes, if they drag on, could squeeze inventories, which would pressure prices again.

Automakers have now reported US deliveries: New vehicle sales in Q3 jumped 20.6% year-over-year to 4.08 million vehicles, according to the Bureau of Economic Analysis today. These cars, SUVs, pickups, and vans were delivered by dealers or by automakers directly (Tesla et al.) to their end-users.

Compared to Q2, sales were roughly even, which is fairly common for Q2 and Q3, given the seasonality in auto sales that is so obvious in the quarterly not-seasonally-adjusted chart below.