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Blue toy car going down a descending stack of coins Source: Shutterstock.

Cox Automotive said it expects tight inventory and high prices will cause new and used car sales in September to fall for the fifth month in a row.

The analytics company said Monday it expects sales of new cars and light trucks to fall to one of the lowest levels in the past decade. It forecast dealers will sell one million new vehicles in September, which will be 8% lower than in August and 26% lower than in September 2020.

Jim DuPlessis

A journalist for decades.

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