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Thursday, 03 December 2020 18:46

U.S. New Auto Sales Lose Momentum in November: Wards Intelligence

Written by Reuters Staff

The pace of U.S. auto sales slowed in November, data from analytics firm Wards Intelligence showed Dec. 1, amid a spurt in coronavirus infections.

Auto sales in the U.S. managed to bounce back since hitting a pandemic-fueled bottom in April, leading major automakers to ramp up production and boost weak inventories at dealerships.

 

However, rising COVID-19 cases in the U.S. states have increased the uncertainty over a speedy rebound.

 

To read more, see Reuters.