Source: https://wardsintelligence.informa.com/WI964247/October-US-LightVehicle-Sales-Fall-to-6MonthLow-SAAR
This suggests 'winter' sales have come early.
Source_2: https://www.forbes.com/sites/jimhen...nd-half-of-2019-forecasters-say/#aa74d146dc3d
Bob Wilson
Year-to-date sales are 1.2% short of last year’s pace, with October’s below-trend results likely to continue in November.
This suggests 'winter' sales have come early.
Source_2: https://www.forbes.com/sites/jimhen...nd-half-of-2019-forecasters-say/#aa74d146dc3d
“The first half of the year was marked by volatility,” said Jonathan Smoke, chief economist for Cox Automotive, in a June 26 presentation. “The second half will be worse.”
Risks in the second half include trade wars and tariff talks, UAW negotiations for contracts that expire Sept. 14, a big debate over fuel-economy standards, question marks about the U.S. economy, Brexit, and a slowdown in the China economy, Smoke said.
For the first half of 2019, Cox Automotive said new-vehicle sales would be down an estimated 2.2%, to about 8.4 million cars and trucks combined. The second half is expected to be down about 3.4% from a year ago, to 8.4 million, Cox said.
Risks in the second half include trade wars and tariff talks, UAW negotiations for contracts that expire Sept. 14, a big debate over fuel-economy standards, question marks about the U.S. economy, Brexit, and a slowdown in the China economy, Smoke said.
For the first half of 2019, Cox Automotive said new-vehicle sales would be down an estimated 2.2%, to about 8.4 million cars and trucks combined. The second half is expected to be down about 3.4% from a year ago, to 8.4 million, Cox said.
Bob Wilson
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