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U.S. New Auto Sales For January Should Beat Expectations

From christophe-barraud.com

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 May 2020.” 2- J.D. Power and LMC Automotive said “The seasonally adjusted annualized ... (full story)

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  • Category: Fundamental Analysis