Auto industry
Used supply hits a post-pandemic high
CarGurus says used inventory rose 4.8% from a year ago and 2.2% from September in October, its highest level since COVID, while days' supply held level with last year at 50.4 as its estimate of demand rose 5.6%. Vehicles three years old or newer supplied about 60% of the year-over-year gain. The average used listing price slipped 0.7% to about $29,800, still $985 above a year ago. On new vehicles, days' supply was 79.8 overall, but units priced at $70,000 and up sat near 99 days. These are listing prices and CarGurus estimates, not transaction data, per CarGurus. Stores pricing late-model used units may be up against more competing listings than they were this summer.
Sources: Link
The other stories from Tuesday, November 10, 2026.
Honda commits $3B to a fourth Ohio auto plant
Honda plans a $3 billion Ohio assembly plant for 2029, built for hybrids, gas models and EVs. The broader Ohio package, including engine and transmission work, is $3.38 billion and 2,390 jobs.
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Honda raises its profit forecast despite heavy EV charges
Honda lifted its fiscal 2027 operating profit outlook to $4.93 billion despite $3.06 billion of first-half EV-related losses, helped by hybrid demand and stronger financial-services profit.
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Stellantis agrees to sell its idled Brampton plant
Stellantis agreed to sell its idled Brampton, Ontario, plant to armored-vehicle maker Roshel, with a close targeted by year-end if regulators approve. It ties the sale to its 80% North American capacity-utilization goal.
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Hertz moves used-car retail off the lot
Hertz is closing its standalone used-car lots and moving sales online, to TestDrive+ at rental branches, and to retail partners, as reported by CDG News. CDG cites a Nov. 20 finish, a date Hertz has not confirmed.
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October's sales pace slips as prices set a record
October's selling rate slipped to 15.5 million, below September and Cox's forecast, even as raw volume rose on an extra selling day. The average transaction price topped $51,000 for the first time.
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Car-Mart's lenders extend relief to Nov. 12
America's Car-Mart received another short lender waiver, lasting only through Nov. 12, after the prior relief expired the day before. These extensions have rolled since Sept. 4 and are not a permanent fix.
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Cox's economist sees the Fed leaning toward higher rates
Cox's chief economist, Jeremy Robb, sees a path back to rate hikes, citing a firmer job market and inflation near 4%. That is Cox's forecast, not a Fed decision.
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Q3 household debt report arrives this morning
The New York Fed's household-debt report, including auto loans, is due this morning at 11:00 a.m. ET (10:00 a.m. CT). The figures cover activity through the end of September.
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