Inventory Estimates Down But Still High

The number of unsold vehicles in the U.S. was at its lowest point in 12 months, starting August at an estimated 3,798,400 vehicles, but thanks to a weaker selling rate, the days' supply figure associated with that inventory — 71 days — is the highest it's been on Aug. 1 for more than 27 years, reports Automotive News.

Automakers Trim Production as Market Weakens

General Motors will trim production of the Chevrolet Equinox SUV at two North American car plants, a move that follows cuts announced by Ford, Honda, and other manufacturers, reports CNBC.