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.