Sales in July will be hardpressed to match June’s 15.4 million annualized level, and another sequential decline is in the cards for August, as new-vehicle availability continues to worsen before starting to improve in late-summer.
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U.S. Light-Vehicle Inventory Continues Free-Fall in June, Foretelling Even Slower Sales
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Depleted Supply Further Drags Down U.S. Light-Vehicle Sales in June
Report / 01 Jul 2021 / Haig Stoddard
The deep drawdown in sales caused by disappearing inventory is expected to continue well into the summer before it starts to improve.
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The Analyst Team
Haig Stoddard
Follow AnalystPrincipal Analyst, Forecast & Markets
Haig has followed the auto industry for over three decades, starting as a reporter and editor for Wards Automotive Reports, then transitioning to an automotive market analyst. He analyzes market trends related to new-vehicle demand, production, and powertrain take-rates, and forecasts vehicle connectivity and automation levels
Haig focuses on tying together demand, vehicle production, and powertrain trends. He also has created and co-created several of the company’s current analytical outputs related to forecasts, plant capacities, product cycle plans, market segmentation, and future vehicle propulsion reports. Currently, he supports the Wards Intelligence database and produces regularly scheduled and custom subscription-based posts tied to North American production, sales analysis, forecasts, and general global market analysis. He also is working on projects to help expand the company’s coverage of future trends by creating vehicle-based forecasts related to factory-installed equipment, such as ADAS and mobility.
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