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US English

US car sales limp into November

By Joseph Toppe

15:43, 1 December 2021

Behind-the-head shot of a driver at a wheel in an urban location
Driver – Photo: Unsplash

Vehicle inventory and US auto sales in November are expected to be slightly better than October, but are still down considerably from the same month last year.

Preliminary data compiled by Atlanta-based global automotive business Cox Automotive from October shows that new-vehicle sales are predicted to add around 4,000 units – or 0.4% – to reach 1.05 million, while volumes are also forecasted to fall by over 12% – or nearly 150,000 units – from the previous year.

Supply-chain impacts 

According to the press release, supply-chain disruptions and the well-documented microchip shortages have had an enormous impact on both consumers and dealers.

Charlie Chesbrough, senior director, supply chain management at Cox Automotive, said: “The market is stuck in low gear.

“We believe there are potential buyers out there, but many are waiting on the sidelines, put off by limited selection and high prices.”

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November sales: a small uptick from last month

As outlined by the Cox research, new vehicle sales slowed as inventory woes brought on by the Covid-19 pandemic persisted throughout the year.


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November’s seasonally adjusted annual rate (SAAR) of sales is estimated to close at nearly 13.4 million, down 16% from last year when the volume of sales was higher at 15.9 million.

However, the sales volume is predicted to improve slightly from October, going up less than one percent to reach 1.05 million.

Driving on: Cox forecasts for the next few years

Cox Automotive believe microchips will eventually become more available and supply-chain disruptions will also be cleared.

However, researchers at the company suggested recovery could take two or three years as dealer inventories are replenished to just 70% of the pre-pandemic levels.

Read more: Business news: Markets rebound, manufactruing increases 

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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