- Auto sales in the U.S. are expected to post the first year-over-year decline in 28 months, but the industry is far from panicked.
- A calendar quirk had the Labor Day weekend included in sales tallies for August and September will have two fewer selling days than a year ago.
- Kelley Blue Book projects a seasonal adjusted selling rate of 15.2M units for the month.
- What to watch: A far better tell on the direction of U.S. auto sales is the steady stream of reports of vehicle shortages due to hot demand.
- Related stocks: GM, F, TM, FIATY.PK, HMC, NSANY.OB, TSLA, VLKAY.PK, DDAIF.PK, HYMLF.PK, BAMXY.PK, KIMTF.PK, VOLVY.PK, MZDAY.PK, MMTOF.PK, FUJHY.PK, FUJHF.PK
- Related ETFs: CARZ, VROM