RSS Feed by Calculated Risk on 8/24/2021 05:53:00 PM
Tuesday, August 24, 2021
August Vehicle Sales Forecast: "Light-Vehicle Sales to Continue Downward Spiral"
From WardsAuto: JAugust U.S. Light-Vehicle Sales to Continue Downward Spiral (pay content)
Low inventories and supply issues (microchips) are impacting sales.
Click on graph for larger image.
This graph shows actual sales from the BEA (Blue), and Wards forecast for August (Red).
The Wards forecast of 14.1 million SAAR, would be down about 4% from last month, and down 7.5% from a year ago (sales were recovering in July 2020 from the depths of the pandemic).
