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23 Mar
18:37

Supply constraints continue to impact US auto sales

The US automotive industry continues to be constrained by the ongoing semiconductor shortage, with March sales expected to be down significantly from last year, according to the latest forecast from JD Power. JD Power predicts new vehicle retail sales to be more than 1.044 million units in March. This would be a 28% on-year decline, Kallanish understands. “In March 2021, consumers purchased almost 1.4m new vehicles at retail. This year, with fewer than 900,…
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