RSS Feed by Calculated Risk on 7/23/2021 02:46:00 PM
Friday, July 23, 2021
July Vehicle Sales Forecast: "Sales to Continue Free-Fall"
From WardsAuto: July U.S. Light-Vehicle Sales to Continue Free-Fall from Springtime Peak (pay content)
Wards notes low inventories and supply issues (mircochips) are impacting sales.
Click on graph for larger image.
This graph shows actual sales from the BEA (Blue), and Wards forecast for July (Red).
The Wards forecast of 14.8 million SAAR, would be down about 4% from last month, and up 1% from a year ago (sales were recovering in June 2020 from the depths of the pandemic).
