On a seasonally adjusted annualized rate (SAAR) basis, which adjusts for Labor Day timing, sales are expected to stay roughly flat at 15.3 million units...
- New vehicle sales in the United States are projected to rise over 4% in August from a year ago, partly boosted by the Labor Day weekend falling within the reporting period, according to a joint report by industry consultants J.D. Power and GlobalData on Thursday.
The industry is also grappling with the effects of reduced leasing activity from three years ago. Fewer leases signed back then mean fewer lessees are returning to dealers to purchase or lease a new vehicle. "The global demand recovery is showing signs of slowing, with lower volume tempering the outlook for the rest of the year," Jeff Schuster, vice president of research, automotive at GlobalData.RBC Global Infrastructure Fund LP raises over $850 million in second subscription
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