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Wednesday, Sep 4
U.S. auto sales recap
- U.S. light-vehicles sales hit 1.5M in August to record the best month for the industry since May 2007.
- The annual U.S. automobile selling rate in at 16.09M, according to Autodata. The mark topped the estimates of most analysts and shows the sector is set up well with new model introductions arriving this fall amid tight inventory.
- A calendar quirk boosted the numbers a bit, but there's no question the pent-up demand of consumers has been unleashed.
- Related stocks: GM, F, TM, FIATY.PK, HMC, NSANY.OB, TSLA, VLKAY.PK, DDAIF.PK, HYMLF.PK, BAMXY.PK, KIMTF.PK, VOLVY.PK.