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VWAGY - U.S. Light-Vehicle Sales Decline 12% Year-Over-Year In July
Volkswagen AG ADR Repstg 1/10th Sh
US light-vehicle sales are estimated to have dropped 12.2% year on year (y/y) to 1,227,420 units in July and decreased 21.8% y/y to 7,688,741 units in the year to date (YTD). The seasonally adjusted annual rate (SAAR) of US light-vehicle sales is estimated to be 14.1-14.5 million units in July. Although remaining well below the year-earlier levels, light-vehicle sales in July are expected to have improved from the month prior reading and reflect little immediate impact from rising counts of coronavirus disease 2019 (COVID-19) cases in some US regions.