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U.S. Sales to Reverse June’s Downturn; Inventory at Record Highs

Executive Summary

U.S. light-vehicle sales should bounce back in July after tumbling to a near 6-year low in June on a seasonally adjusted basis, based on a Ward’s forecast for the month. Ward’s is forecasting July to rebound to a 17.3 million-unit seasonally adjusted annual rate (SAAR), compared with 15.4 million in June and 16.9 million in like-2003. (See related data: Ward's Forecast - July U.S. Lt. Vehicle Sales)







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