by Calculated Risk on 7/26/2022 04:42:00 PM
From WardsAuto: Not a Surge but July U.S. Light-Vehicle Sales Tracking Above Past Two Months (pay content). Brief excerpt:
“Wards Intelligence partner LMC Automotive is pegging the entire year at 14.3 million units, meaning the second-half SAAR will have to total 14.8 million units, up from first-half 2022’s 13.7 million …”
This graph shows actual sales from the BEA (Blue), and Wards forecast for July (Red).
The Wards forecast of 13.3 million SAAR, would be up about 2% from last month, and down 9% from a year ago (sales were starting to weaken in mid-2021, due to supply chain issues).
Image and article originally from www.calculatedriskblog.com. Read the original article here.