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August U.S. Light-Vehicle Sales SAAR Forecast to Drop But Short-Term Outlook Still Solid

Executive Summary

Despite the decline in the seasonally adjusted annual rate, sales volume will rise significantly in August, with the SAAR expected to rebound strongly in September. If the SAAR does not spike upward in September, the resulting inventory overhang of older model-year vehicles will loom large heading into the fourth quarter and the '20 model-year.

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