U.S. | Auto Sales Chartbook. July 2019

Summary

New vehicle sales are projected to decelerate as economic growth slows down. Lower interest rates could provide some relief for dealers. A robust supply of “off-leasing” vehicles will continue to put downward pressures on demand for new vehicles.

Key points

• Key points:
• Consumer credit remains healthy, although delinquencies keep growing
• Uncertainty surrounding the impact of trade tariffs on steel and aluminum, USMCA, and potential tariffs on imported vehicles
• Electric vehicle sales are expected to continue growing as technology gets better

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