Despite market challenges that included a parts shortage affecting some Rivian vehicles, EVs still outpaced the overall light-vehicle market in September. +

Even with major year-over-year increases in sales volume, new-vehicle inventory keeps rising with the arrival of the holiday season. +

New-vehicle incentives have continued their growth trend as factories compete for sales and help dealers move their remaining 2024 inventory. +

The U.S. new light-vehicle market saw a 12% gain in October, fueled by strong retail growth that helped offset a weaker commercial sales market. +

Americans still want to buy new vehicles, but an increasing price gap will require consumers to adjust their expectations or settle for pre-owned. +