03/19/2024

Americans continued ugly breakup with passenger cars in November as auto sales decline

Americans continued to abandon passenger cars in November, transitioning rapidly into crossovers, SUVs and pickups as automakers increasingly catered their products to shifting driver preferences.

Automakers sold slightly fewer vehicles overall in November, compared with last year, according to analysts’ forecasts, including one from Edmunds.com, which projected auto sales fell 1.3 percent last month, and Cox Automotive, which predicted a 2.6 percent decline.

Part of the decline may be due to rising interest rates, which are making car payments more expensive. But much of the fall is due to the plunging popularity of passenger cars.

View Article