US sales: July still strong, but short of expectations

US light vehicle sales remained strong in July, if not quite as strong as many had expected. The month ended with sales up 9.1% year-on-year at 1.435 million units for a seasonally adjusted annual rate (SAAR) of 16.48 million unit, up from the SAAR of 15.76 million a year ago but the lowest seen in … Continued

US light vehicle sales remained strong in July, if not quite as strong as many had expected. The month ended with sales up 9.1% year-on-year at 1.435 million units for a seasonally adjusted annual rate (SAAR) of 16.48 million unit, up from the SAAR of 15.76 million a year ago but the lowest seen in the past three months.

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