Automotive Market Update 10/13/22

New Outlook:

This week we see new inventory up again, with the supply touching 1.3 million. As expected, when inventory is high in the new sector, it satisfies the pent-up demand, and we also see an uptick in sales. The supply level is now up a little over 50% from last year when it was at its highest. As a result, we're up 12,000 new car sales from last…