Steel Markets
September 22, 2016
US Vehicle Sales and NAFTA Vehicle Production in August 2016
Written by Peter Wright
Vehicles sales in the US are settling in to a more sustainable pace, but a strengthening labor market, low interest rates, low gasoline prices, and rising incentives are still supportive of strong demand.
Moody’s Analytics expects the pace of light vehicle sales to be above a seasonally adjusted annual rate (SAAR) of 17 million units through 2017. Light vehicle sales in August declined from the very strong July result of 17.9 million units (SAAR) to 17.0 million (Figure 1).
