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Sunday, September 27, 2020
HomeNewsEconomyU.S. Light Vehicle Sales Rise Again in July, Gain 10.2%

U.S. Light Vehicle Sales Rise Again in July, Gain 10.2%

Buying American Made Cars. Supporting the American auto industry and economy photomontage with automobiles and the American Flag. (Photo: AdobeStock)
Buying American Made Cars. Supporting the American auto industry and economy photomontage with automobiles and the American Flag. (Photo: AdobeStock)
Buying American Made Cars. Supporting the American auto industry and economy photomontage with automobiles and the American Flag. (Photo: AdobeStock)

Regus, N.J. (PPD) — The Autodata Corporation reported U.S. light vehicle sales rose 10.2% in July to 14.53 million units (SAAR), up from 13.18 million in June. That’s the third consecutive monthly increase from a low of 8.81 million in April, though sales are still -14.6% year-over-year.

Forecasts ranged from a low of 13.5 million to a high of 14.5 million. The consensus forecast was 14.5 million. Overall auto sales soared 16.7% last month to 3.50 million units.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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