Reports are coming in today that suggest June will be a down month for car sales in the United States.
According to estimates, the SAAR for the month could be 2.3% to 3.6% lower.
Here’s an excerpt from the LMC Automotive/J.D. Power forecast via Seeking Alpha:
The LMC Automotive/J.D. Power forecast is for a 2.3% drop during the month to 1.48M units, although the overall diagnosis is equally cautious. “While the retail selling rate has declined in four of the first six months, the broader concern remains the negative health indicators behind the sales results,” notes J.D.’s Deirdre Borrego.
