July Vehicle Sales Forecast: 16% Year-over-year Decline - InvestingChannel

July Vehicle Sales Forecast: 16% Year-over-year Decline

From Wards: U.S. Light-Vehicle Sales Continue Improvement in July Despite Inventory Concerns (pay content)

Vehicle Sales ForecastClick on graph for larger image.

This graph shows actual sales from the BEA (Blue), and Wards forecast for July (Red).

Sales have bounced back from the April low, but are still down sharply year-over-year.

The Wards forecast of 14.1 million SAAR, would be up 8% from June, and down 16% from July 2019.

This would put sales in 2020, through July, down about 23% compared to the same period in 2019.

Related posts

Idiocy in Spain: Bank Proposal to Build More Houses, Issue More Mortgages, Despite Massive Inventory and Enormous Drop in Sales

Mish Global Economic Trend Analysis

Sky City: China to Build World’s Tallest Building, 220 Stories, in 90 Days

Mish Global Economic Trend Analysis

It’s No Wonder People Don’t Understand the “Public” Debt

Angry Bear

EU Budget Laugh of the Day “No One Is Discussing Quality”

Mish Global Economic Trend Analysis

Via Barry Ritholtz’s  Big Picture comes this PBS six minute …

Angry Bear

Politics and Specific Policies

Angry Bear