S&P Global Mobility reports demand remains static but UAW strike casts a shadow over fourth quarter.
US light vehicle sales in September should remain relatively unchanged from the month-prior result, according to S&P Global Mobility, which projects sales volume of 1.30 million units for the month. For optimists, that auto sales levels remain steady in wake of still palpable “affordability” issues of rising interest rates and slow-to-decelerate new vehicle pricing levels are a good sign. For pessimists, the daily selling rate metric in September will reflect continued deceleration from the monthly readings realized from March-July.
For certain, the outlook for
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