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U.S. Light-Vehicle Sales Bottom-Out Again in September; Third-Quarter Records Weak 13.3-Million Annualized Rate

Executive Summary

In a market with enough underlying demand to support 12-month volume of 17 million units or more, a dearth of product availability caused September light-vehicle sales to barely top a 12 million-unit seasonally adjusted annual rate, capping off the third quarter’s dismal 13.3 million annualized results, with expectations for little or no improvement in the fourth quarter.

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