October Vehicle Sales Forecast: “First Month-to-Month Improvement Since April”

From WardsAuto: October U.S. Light-Vehicle Sales Forecast to Show First Month-to-Month Improvement Since April (pay content)

Low inventories and supply issues continue to impacting vehicle sales.

Vehicle Sales ForecastClick on graph for larger image.

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

The Wards forecast of 12.6 million SAAR, would be up about 3.5% from last month, and down 23% from a year ago (sales were solid in October 2020, as sales recovered from the depths of the pandemic).

Wards expects sales to increase in November and December too.

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