Rising diesel fuel prices are pushing costs to near record highs, creating a surge in unsold heavy-duty trucks that dealers are struggling to manage. Industry analysts predict a modest decline in light-vehicle sales during the third quarter as economic pressures weigh on consumer demand. The combination of soaring fuel expenses and shifting market trends is forcing automakers and retailers to adapt to changing buyer behavior. Concerns over affordability could further tighten an already strained supply chain for new vehicles.
With diesel gasoline nearing $6.51 a gallon on average, swelling heavy-duty truck inventory is rattling dealers. Third-quarter light-vehicle sales are expected to fall slightly, forecasters say.
