S&P Global Mobility reports growing inventories and falling prices, but US auto sales growth still progressing slowly.
As the market awaits a clear signal that either growing new-vehicle inventories or consumer affordability issues will emerge as the main determinant of auto sales trends in the immediate term, new U.S. light vehicle demand in May is expected to soldier on uneventfully and maintain its unsteady climb.
S&P Global Mobility projects new light vehicle sales volume in May 2023 to reach 1.31 million units, up 18% year over year, and representing the 10th consecutive month in which volume has improved from the
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