An initial look at June pegs U.S. light-vehicle sales at a long-time low 15.0-million-unit seasonally adjusted annual rate, while also forecasting that inventory ends the month below year-ago by an even wider margin than May’s 6.0% year-over-year decline. There are a lot of variables that could push sales higher or lower than the initial forecast, but the bottom line for inventory is that it will dry up some more in June.
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May U.S. Light-Vehicle Inventory Falls to 15-Month Low; Poised to Decline Further in June
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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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