US New Vehicle Retail Sales Set to Fall 25 Percent in September: Data

US New Vehicle Retail Sales Set to Fall 25 Percent in September: Data
Vehicles for sale at Serramonte Ford in Colma, Calif., on Oct. 3, 2017. Stephen Lam/Reuters
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U.S. retail sales of new vehicles are expected to fall nearly a quarter in September, hurt by depleting inventories, even as consumer spending remains strong, consultants J.D. Power and LMC Automotive said in a joint forecast on Tuesday.

New vehicle retail sales in the United States are seen dropping to 888,900 units in September, from 1,182,788 a year ago.