Friday, July 22, 2016

Vehicle Sales Forecast: Sales to be Over 17 Million SAAR in July

by Bill McBride on 7/22/2016 03:41:00 PM

The automakers will report July vehicle sales on Tuesday, Aug 2nd.

Note:  There were 26 selling days in July, the same as in July 2015.

From WardsAuto: Forecast: July Sales to Return to 17 Million SAAR Trend

A WardsAuto forecast calls for U.S. light-vehicle sales to reach a 17.6 million-unit seasonally adjusted annual rate in July, following June’s 16.6 million SAAR. July’s SAAR would be significantly higher than the 17.1 million recorded year-to-date through June, and would help bring 2016 sales in line with WardsAuto’s full-year forecast of 17.3 million units.
emphasis added
Looks like a strong month for vehicle sales.