U.S. light vehicle sales to reach 1.40 million units in June - report [Seeking Alpha]
General Motors Company (GM)
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Source: Seeking Alpha
This volume would translate to an estimated sales pace of 16.2 million units, on a seasonally adjusted annual rate, which would be the highest monthly mark for this metric since May 2021, the report noted. Supported by growing incentive and inventory levels, the monthly sales pace will have advanced every month in the second quarter, said Chris Hopson, principal analyst at S&P Global Mobility. "Mixed signals regarding the outlook for the second half of the year remain entrenched, though, as new vehicle affordability concerns remain prevalent, and inventories are not expected to advance as strongly as they have over the past 12 months," Hopson added. S&P Global Mobility projected the calendar year 2024 new vehicle sales volume to reach approximately 16.0 million units, a growth of over 2%, or an incremental 374,000 units, from the 2023 level. Potentially relevant automotive stocks: Ford ( F ), General Motors ( GM ), Stalantis ( STLA ), Honda ( HMC ), Hyundai ( OTCPK:HYMTF ), M
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