Friday, July 24, 2020

July Vehicle Sales Forecast: 16% Year-over-year Decline

by Calculated Risk on 7/24/2020 01:21:00 PM

From Wards: U.S. Light-Vehicle Sales Continue Improvement in July Despite Inventory Concerns (pay content)

Vehicle Sales ForecastClick on graph for larger image.

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

Sales have bounced back from the April low, but are still down sharply year-over-year.

The Wards forecast of 14.1 million SAAR, would be up 8% from June, and down 16% from July 2019.

This would put sales in 2020, through July, down about 23% compared to the same period in 2019.