Autos

Fiat Chrysler and GM’s 3Q auto sales fall from last year, but demand improves

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The Key Auto Mall car dealership in Moline, Illinois.

Daniel Acker | Bloomberg | Getty Images

Fiat Chrysler and General Motor’s auto sales fell in the third quarter, but both automakers saw a significant rebound in demand from the second quarter when the pandemic wreaked havoc on the industry.

Fiat Chrysler’s sales fell 10% from a year ago, but they jumped 38% from the second to third quarter with 140,265 more vehicles sold from July through September than the previous three months. GM said its sales during the third quarter declined 9.9% from a year ago but improved sequentially each month, showing continued signs of a recovery. Both automakers beat most sales expectations of industry…



Source cnbc.com

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