October’s results were below expectations, apparently due to weakness at the end of the month. Most automakers finished below mid-month projections for each, thus the industry’s overall weaker results can’t be blamed on underestimating the impacts to Ford, GM and Stellantis from the strike-related plant shutdowns. The results also show that other automakers did not benefit from losses at the Detroit 3. Still, most manufacturers recorded year-over-year gains and the industry posted its 14th straight increase.
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October U.S. Light-Vehicle Sales Miss Expectations but Still Record 6% Increase
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The Analyst Team
Haig Stoddard
Follow AnalystPrincipal Analyst, Forecast & Markets
Haig has followed the auto industry for over three decades, starting as a reporter and editor for Wards Automotive Reports, then transitioning to an automotive market analyst. He analyzes market trends related to new-vehicle demand, production, and powertrain take-rates, and forecasts vehicle connectivity and automation levels
Haig focuses on tying together demand, vehicle production, and powertrain trends. He also has created and co-created several of the company’s current analytical outputs related to forecasts, plant capacities, product cycle plans, market segmentation, and future vehicle propulsion reports. Currently, he supports the Wards Intelligence database and produces regularly scheduled and custom subscription-based posts tied to North American production, sales analysis, forecasts, and general global market analysis. He also is working on projects to help expand the company’s coverage of future trends by creating vehicle-based forecasts related to factory-installed equipment, such as ADAS and mobility.
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