It’s not just the heat: US momentum sluggish in July

It is a cautious outlook for US sales in July, with expectations ranging from modest declines to moderate increases. Kelley Blue Book is calling for a 1% year-on-year drop in light vehicle sales to 1.5 million units, for a seasonally adjusted annual rate (SAAR) of 17.5 million units. That would be on par with July 2015 and up from June's SAAR of 16.6 million units.