Despite the hoopla about the strongest first half in history, domestic auto sales have generally been heading south since September 2015.
Bloomberg Econoday comments on Motor Vehicle Sales.
With nearly all the domestic data in, North American-made vehicle sales are coming in at about a 13.0 million annualized rate in June. This would mark a sizable downturn from May’s 13.7 million rate. Foreign names will be posting their results through the afternoon. Vehicle sales had been, June apparently not included, a strong contributor to retail sales.
Domestic Auto Sales
These are high rates, but things have been trending lower since last September.
Mike “Mish” Shedlock