New Vehicle Sales Plunged Further in August amid Inventory Shortages & Production Cuts: Chip Shortage Wreaks Havoc

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by Wolf Richter, Wolf Street: The average transaction price for new vehicles spikes to $41,000. It has been one heck of a year so far for automakers, with sales surging early in March and April to very high levels, only to get smacked down brutally by the inventory shortages that resulted from the semiconductor shortages […]
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