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Home » Inflation won’t stop 2023 auto sales growth amid chip recovery

Inflation won’t stop 2023 auto sales growth amid chip recovery

The U.S. auto industry is expected to grow by more than 1 million vehicles in 2023

Bloomberg NewsbyBloomberg News
January 3, 2023
in Risk Management
Reading Time: 4 mins read
0
Inflation won’t stop 2023 auto sales growth amid chip recovery

Photographer: Emily Elconin/Bloomberg

US auto sales likely rose in December and will rebound in the new year as a recovery in vehicle production will more than offset the effects of inflation and rising interest rates. Two years of semiconductor shortages and supply problems have kept vehicle production low and inventories lean. With factories picking up pace again, consumers will buy […]

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Tags: auto salesinflationPremiumsemiconductor chip
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