US Wards Total Vehicle Sales
It's a sign of consumer confidence - rising demand for expensive durable goods shows that consumers are confident in their future financial position and feel comfortable spending money;
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- US Wards Total Vehicle Sales Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 3, 2024 | 15.9M | 15.8M | 15.7M |
May 1, 2024 | 15.7M | 15.7M | 15.5M |
Apr 2, 2024 | 15.5M | 15.9M | 15.8M |
Mar 1, 2024 | 15.8M | 15.4M | 15.0M |
Feb 1, 2024 | 15.0M | 15.7M | 15.8M |
Jan 3, 2024 | 15.8M | 15.5M | 15.3M |
Dec 1, 2023 | 15.3M | 15.5M | 15.5M |
Nov 1, 2023 | 15.5M | 15.6M | 15.7M |
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- US Wards Total Vehicle Sales News
- From apnews.com|Apr 3, 2023
U.S. new-vehicle sales rose 7.5% in the first quarter as supplies improved and sky-high prices eased a bit while the global shortage of computer chips started to wane. But the average auto-loan rate hit 7% during the quarter, leaving open the question of whether automakers will offer reduced rates to keep buyers interested through the rest of the year. Automakers sold 3.59 million vehicles during the first three months of the year, compared with 3.34 million a year earlier. Results from companies were mixed. Some thrived with better ...
- From marctomarket.com|Feb 25, 2023
A key issue facing businesses and investors is whether the US January data reflects a reacceleration of the world's largest economy or whether it was mostly a payback for extremely poor November and December 2022 data and seasonal adjustments and methodological distortions. Given the centrality of the US economy and rates, it is not simply a question for America, the Federal Reserve, and investors, but the implications are much broader. The issue is unlikely to be resolved in the week ahead, but it may begin pointing to the direction ...
- From apnews.com|Jan 4, 2023
Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping 8% from 2021 to their lowest level in more than a decade. But there’s good news for consumers in the gloomy numbers: Vehicle supplies on dealer lots are growing, albeit slowly, and automakers expect at least a small easing in prices this year as inventories grow. Automakers reported Wednesday that they sold 13.9 million cars, trucks, SUVs and vans last year as the parts shortage limited factory ...
- From scotiabank.com|Dec 1, 2022
Global auto sales posted another month-over-month decline in October following a similar pull-back in September, still driven by a deceleration in Asia Pacific (-4.7% m/m sa) and South America (-9.2% m/m sa). Auto sales in China contracted again by -7.0% m/m (sa) in October as the impact of the lockdown lingers—making it the third consecutive month of decline—but still up 11.2% from a year ago. Experiencing a series of slowdowns in the second half of the year, South American auto sales plunged across the board in October, with Brazil ...
- From marctomarket.com|Nov 26, 2022
Two high-frequency economic reports stand out in the week ahead: The US November employment report and the preliminary eurozone CPI. The Federal Reserve has deftly distanced itself from any one employment report. As a result, it would take a significant miss of the median forecast (Bloomberg survey) to alter market expectations for a 50 bp hike when the FOMC meeting concludes on December 14. Economists are looking for around a 200k increase in US non-farm payrolls after 261k in October. In the first ten months of the year, the US has ...
- From calculatedriskblog.com|Jun 1, 2022
Wards Auto released their estimate of light vehicle sales for May. Wards Auto estimates sales of 12.68 million SAAR in May 2022 (Seasonally Adjusted Annual Rate), down 11.2% from the April sales rate, and down 24.9% from May 2021. This graph shows light vehicle sales since 2006 from the BEA (blue) and Wards Auto's estimate for May (red). The impact of COVID-19 was significant, and April 2020 was the worst month. After April 2020, sales increased, and were close to sales in 2019 (the year before the pandemic). However, sales decreased ...
- From cnbc.com|Mar 31, 2022
Automakers will likely report sharp sales declines for March and the first quarter, industry analysts say, as an ongoing shortage of new vehicles has left car-shoppers with few – and often expensive – choices. U.S. auto sales forecasts from Cox Automotive, Edmunds, and J.D. Power/LMC Automotive say that first-quarter sales of cars, pickup trucks and SUVs were likely below 3.3 million, down more than 14% from the first quarter of 2021. For some automakers, the declines may be even worse. Edmunds expects General Motors, Honda, Nissan, ...
- From scotiabank.com|Mar 31, 2022
Global auto sales posted a 4.0% m/m (sa) improvement in February marking a fifth consecutive month of gains. While the pace of prior month gains has been relatively stable, there have been wild fluctuations across markets on a month-over-month basis with supply constraints (and COVID-19 factors, to a lesser extent), masking fundamental demand. Consider, for example, the performance across the four largest sales markets in February: US at -6.4% m/m; China at +6.7% m/m; Germany at +16.8% m/m; and Japan at +5.0% m/m (all sa). Global ...
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