Steel Markets
July 2, 2015
June Auto Sales Exceed 17 M SAAR for Second Month
Written by Sandy Williams
US light vehicle sales in June reached a seasonally adjusted annual rate of 17.1 million, the first time consecutive months were above 17 million since June and July of 2005. The SAAR was slightly below expectations and came in at the bottom of the consensus range (17.1 M to 17.8 M) posted by Bloomberg.
Actual volume for the month totaled 1.47 million units, with small and mid-size trucks leading sales. Sales for the first half of 2015 were at a 10 year high of 8.49 million, up 4.4 percent from 2014.
