by Calculated Risk on 4/22/2022 07:46:00 PM
From WardsAuto: April, Second-Quarter U.S. Light-Vehicle Sales to Continue Sequential Growth (pay content). Brief excerpt:
“Bottom line is U.S. sales remain weak, and below potential, but are trending up from the depths they fell to in the second half of last year due to a dearth in supply. Although geopolitics, economic headwinds and ongoing supply-chain issues undeniably are creating huge risks to the outlook, sales still are expected to gradually rise through the end of the year.”
Click on graph for larger image.
This graph shows actual sales from the BEA (Blue), and Wards forecast for April (Red).
The Wards forecast of 14.5 million SAAR, would be up about 9% from last month, and down 21% from a year ago (sales were solid in April 2021, as sales recovered from the depths of the pandemic, and weren’t yet impacted by supply chain issues).