Light vehicle sales volume to grow 7% Y/Y in August - report

seekingalpha08-27

Light vehicle sales volume in August is expected to reach 1.42 million units, up more than 7% as compared to last year, and grow over 11% from July in the U.S., according to an S&P Global Mobility ...

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The August estimate would translate to a seasonally adjusted annual rate of 15.2 million units, a moderate reading in a market continuing to wait for sales levels to advance more strongly, the report said. The U.S. sales volume in the month is also expected to be one of the largest of the year, given 28 selling days and the inclusion of Labor Day weekend activity. \"New vehicle affordability remains the biggest obstacle preventing further advances in the pace of auto sales,\" Chris Hopson, principal analyst at S&P Global Mobility, said. Continued advances in inventories and incentives are expected over the rest of the year. The report said strong development of battery-electric vehicle  sales remains an assumption in the longer term, and in the immediate term, moderate month-to-month vo","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4574":"无人驾驶","MBGAF":"Mercedes Benz Group AG","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4561":"索罗斯持仓","LU1064927863.SGD":"JPMorgan Funds - Europe Dynamic A (acc) SGD-H","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","HYMTF":"Hyundai Motor Co., Ltd.","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","HMC":"本田汽车","MZDAF":"Mazda Motor Corp.","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","BK4099":"汽车制造商","BMWYY":"宝马汽车","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","BK4516":"特朗普概念","F":"福特汽车","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","STLA":"Stellantis NV","BK4555":"新能源车","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","BK4566":"资本集团","NSANF":"Nissan Motor Co., Ltd.","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","GM":"通用汽车","BK4559":"巴菲特持仓","BK4588":"碎股","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC"},"translate_title":"8月份轻型汽车销量同比增长7%-报告","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STLA":1,"HYMTF":1,"HMC":1,"GM":1,"F":1,"BMWYY":1,"MBGAF":1,"MZDAF":1,"NSANF":1},"content_text":"Light vehicle sales volume in August is expected to reach 1.42 million units, up more than 7% as compared to last year, and grow over 11% from July in the U.S., according to an S&P Global Mobility report. The August estimate would translate to a seasonally adjusted annual rate of 15.2 million units, a moderate reading in a market continuing to wait for sales levels to advance more strongly, the report said. The U.S. sales volume in the month is also expected to be one of the largest of the year, given 28 selling days and the inclusion of Labor Day weekend activity. \"New vehicle affordability remains the biggest obstacle preventing further advances in the pace of auto sales,\" Chris Hopson, principal analyst at S&P Global Mobility, said. Continued advances in inventories and incentives are expected over the rest of the year. The report said strong development of battery-electric vehicle (BEV) sales remains an assumption in the longer term, and in the immediate term, moderate month-to-month volatility is expected. August BEV share is forecasted to touch 8.1%. Potentially relevant automotive stocks: Ford (F), General Motors (GM), Stalantis (STLA), Honda (HMC), Hyundai (OTCPK:HYMTF), Mazda (OTCPK:MZDAF), Nissan (OTCPK:NSANF), BMW (OTCPK:BMWYY), and Mercedes-Benz (OTCPK:MBGAF).","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2462319944"}