US Wards Total Vehicle Sales
It's a sign of consumer confidence - rising demand for expensive durable goods shows that consumers are confident in their future financial position and feel comfortable spending money;
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- US Wards Total Vehicle Sales Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 3, 2024 | 15.9M | 15.8M | 15.7M |
May 1, 2024 | 15.7M | 15.7M | 15.5M |
Apr 2, 2024 | 15.5M | 15.9M | 15.8M |
Mar 1, 2024 | 15.8M | 15.4M | 15.0M |
Feb 1, 2024 | 15.0M | 15.7M | 15.8M |
Jan 3, 2024 | 15.8M | 15.5M | 15.3M |
Dec 1, 2023 | 15.3M | 15.5M | 15.5M |
Nov 1, 2023 | 15.5M | 15.6M | 15.7M |
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- US Wards Total Vehicle Sales News
U.S. new-vehicle sales rose 7.5% in the first quarter as supplies improved and sky-high prices eased a bit while the global shortage of computer chips started to wane. But the average auto-loan rate hit 7% during the quarter, leaving open the question of whether automakers will offer reduced rates to keep buyers interested through the rest of the year. Automakers sold 3.59 million vehicles during the first three months of the year, compared with 3.34 million a year earlier. Results from companies were mixed. Some thrived with better ...
A key issue facing businesses and investors is whether the US January data reflects a reacceleration of the world's largest economy or whether it was mostly a payback for extremely poor November and December 2022 data and seasonal adjustments and methodological distortions. Given the centrality of the US economy and rates, it is not simply a question for America, the Federal Reserve, and investors, but the implications are much broader. The issue is unlikely to be resolved in the week ahead, but it may begin pointing to the direction ...
Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping 8% from 2021 to their lowest level in more than a decade. But there’s good news for consumers in the gloomy numbers: Vehicle supplies on dealer lots are growing, albeit slowly, and automakers expect at least a small easing in prices this year as inventories grow. Automakers reported Wednesday that they sold 13.9 million cars, trucks, SUVs and vans last year as the parts shortage limited factory ...
Two high-frequency economic reports stand out in the week ahead: The US November employment report and the preliminary eurozone CPI. The Federal Reserve has deftly distanced itself from any one employment report. As a result, it would take a significant miss of the median forecast (Bloomberg survey) to alter market expectations for a 50 bp hike when the FOMC meeting concludes on December 14. Economists are looking for around a 200k increase in US non-farm payrolls after 261k in October. In the first ten months of the year, the US has ...
Wards Auto released their estimate of light vehicle sales for May. Wards Auto estimates sales of 12.68 million SAAR in May 2022 (Seasonally Adjusted Annual Rate), down 11.2% from the April sales rate, and down 24.9% from May 2021. This graph shows light vehicle sales since 2006 from the BEA (blue) and Wards Auto's estimate for May (red). The impact of COVID-19 was significant, and April 2020 was the worst month. After April 2020, sales increased, and were close to sales in 2019 (the year before the pandemic). However, sales decreased ...
U.S. new auto sales should rebound in January after hitting a three-month low in December. According to the Bloomberg consensus, they are expected to reach 12.90m(e) SAAR, up from 12.44m in December. Specialists I’m following closely are expecting an upward surprise: 1- According to Cox Automotive, “The January pace of U.S. auto sales, or seasonally adjusted annual rate (SAAR), is forecast to show a sizable month-over-month improvement and finish near 15.3 million, up from 12.4 million in December, which was the slowest pace since ...
Toyota Motor has dethroned General Motors as America’s top-selling automaker in 2021, marking the first time since 1931 that the Detroit automaker wasn’t the best-selling car company in the U.S. It also marks the first time a non-domestic automaker has taken the top spot in America. Toyota was able to manage supply chain issues better, allowing it to take away GM’s throne for the first time in 90 years. An ongoing shortage of semiconductor chips caused sporadic shutdowns of plants and led to record-low vehicle inventories in 2021. ...
U.S. retail sales of new vehicles are expected to fall nearly a quarter in September, hurt by depleting inventories, even as consumer spending remains strong, consultants J.D. Power and LMC Automotive said in a joint forecast on Tuesday. New vehicle retail sales in the United States are seen dropping to 888,900 units in September, from 1,182,788 a year ago. "September results show that there are simply not enough vehicles available to meet consumer demand," J.D. Power said in a statement. While demand remains sky high for personal ...
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