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August Auto Sales to Fall on Supply Woes

August Auto Sales to Fall on Supply Woes

U.S. auto retail sales are expected to fall in August, as the global semiconductor shortage coupled with the fast spreading delta variant squeezed inventory at dealerships, consultants J.D. Power and LMC Automotive said. Retail sales of new vehicles are expected to fall 14.3% to 987,100 in August from a year earlier.