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Tuesday, June 25, 2024

June Vehicle Sales Forecast: 15.9 million SAAR, Down 1% YoY

by Calculated Risk on 6/25/2024 05:48:00 PM

From WardsAuto: June U.S. Light-Vehicle Sales Likely Reduced by Cyberattack (pay content).  Brief excerpt:

Unknown is how many unit sales in June might be lost because of the attack. Not all affected dealers stopped selling vehicles and many that did have since resumed, often manually processing sales and finding alternative ways to deliver vehicles to customers. Another unknown is how many buyers might have switched to an unaffected dealer to make a purchase. The bright side is that any lost sales in June likely will be made up in July.
emphasis added
Vehicle Sales ForecastClick on graph for larger image.

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

On a seasonally adjusted annual rate basis, the Wards forecast of 15.9 million SAAR, would be unchanged from last month, and down 1.0% from a year ago.