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Wards outlined softer US auto sales in September and Q3.
Q3 2024 Highlights:
Hurricane Helene may have cut sales by 100-200K units. I’d also note that higher-priced vehicles are selling fine while lower-priced autos are struggling and that’s a theme we’ve seen across US economic data and in things like dollar stores.
Annualized sales have shown no growth in the past six months overall and the trend appears to be worsening in September data.
Big 7 Sept Sales:
This article was written by Adam Button at www.forexlive.com.
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