The number of new vehicles sold annually in the United States is expected to hit 15.7 million units, according to October estimations, industry expert Cox Automotive said in an Oct. 27 statement.
The seasonally adjusted annual rate is down from 16.4 million in September and 16.1 million a year ago, the company stated, attributing the slowdown to auto tariffs and the end of electric vehicle (EV) incentives.
