November Vehicle Sales Forecast: "Second Straight Month-to-Month Decline" - InvestingChannel

November Vehicle Sales Forecast: “Second Straight Month-to-Month Decline”

From Wards: November U.S. Light-Vehicle Sales Forecast for Second Straight Month-to-Month Decline (pay content)

Vehicle Sales ForecastClick on graph for larger image.

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

Sales have bounced back from the April low, but will likely be down around 7% year-over-year in November.

The Wards forecast of 15.7 million SAAR, would be down about 3% from October.

This would put sales in 2020, through November, down about 16% 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