CERAWeek - Video of the Week Listen in as Asher Bennett, Founder & CEO, Tevva Electric Trucks, discusses long-range… https://t.co/oA3VN4GvIY
US LV sales down 5 percent in April, SAAR remains strong
IHS Markit perspective
- Implications: After showing some spring in March 2018, US light-vehicle sales are estimated to have declined 5.0% y/y in April 2018. Year to date, light-vehicle sales remain flat, up 0.1%. The change was impacted by two fewer selling days and one less weekend on the April sales calendar. Please note: All industry-level numbers in this report are estimates, owing to the absence of official GM information.
- Outlook: Light vehicle demand in April saw volume contraction, though SAAR (seasonally adjusted, annual rate) is expected to have held at 17.1 million units, a strong result, if lower than March 2018’s result. Consumers seem to be remaining steady amidst government policy news and stock market volatility. IHS Markit does expect a weaker second quarter, and some ongoing month-to-month volatility for SAAR and volume, and maintains its full year sales projection of 16.9 million units.
Read the full article
The above article is an excerpt from AutoIntelligence Daily by IHS Markit. AutoIntelligence Daily provides same-day analysis of automotive news, events and trends. Get a free trial and read the full article.
- Autonomous vehicle testing centre opens in Ohio
- Gaping gap between EV wireless and plug-in charging technologies
- New vehicle sales in Vietnam surge over 21 percent in first half of 2019
- Brazil launches local roadmap for EVs with German government
- Eleven companies publish guiding principles for self-driving vehicles
- Swedish light-vehicle registrations in June slump on high base
- US state Michigan unveils EV Charging Infrastructure Package
- China extends tax break for NEVs to 2020
An Automotive Minute - Episode 27 Listen in as Chris Hopson discusses US Light Vehicle Sales Volumes for the month… https://t.co/AofI08A3J7
Autonomous vehicle testing centre opens in Ohio. The Ohio state authorities (United States) have opened a 540-acre… https://t.co/Pq6tpj6mA8