Seeking Alpha

August U.S. auto sales forecast to be strong

  • A joint forecast from J.D. Power and Associates and LMC Automotive sees a selling pace of 16M units in August which would mark the first time since sales reached that level since 2007.
  • The impact of the Labor Day weekend being rolled into August sale tallies will have an impact, although a strong sales trend is still expected to be confirmed even without the calendar effect.
  • Close-out deals and strong replacement demand underpinned August auto sales, according to analysts.
  • Related stocks: GM, F, TM, FIATY.PK, HMC, NSANY.OB, TSLA, VLKAY.PK, DDAIF.PK, HYMLF.PK, BAMXY.PK, KIMTF.PK, VOLVY.PK.
Comments (1)
  • mitchjl
    , contributor
    Comments (259) | Send Message
     
    Ford is on its way to a new 52 week high. Up today $.56 PP/S
    29 Aug 2013, 12:58 PM Reply Like
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