by Calculated Risk on 8/25/2022 10:37:00 AM
From WardsAuto: August U.S. Light-Vehicle Sales Running Flat with July; Inventory Set to Increase (pay content). Brief excerpt:
“The overriding factor is that even without headwinds such as higher interest rates, low consumer confidence, elevated fuel prices and an inventory mix favoring more expensive models, the general lack of availability of new vehicles would keep sales from being significantly stronger.”
This graph shows actual sales from the BEA (Blue), and Wards forecast for August (Red).
The Wards forecast of 13.3 million SAAR, would be mostly unchanged from last month, and up 2% from a year ago (sales started to weaken in mid-2021, due to supply chain issues).
Image and article originally from www.calculatedriskblog.com. Read the original article here.