US Auto Sales August - Double Digit Sales Decline for Passenger Cars Drags Down Market
US auto sales declined 4.2% in August to 1.5mil vehicles (or by 3.6%, if adjusted for Fiat Chrysler’s change in last year’s count). It was a disappointing month for the US auto industry, although the poor YoY performance can be partly explained by the lack of the Labor Day sales week-end (which falls into September). SAAR dropped to 17mil units from 17.88mil in July. There is now increasing concern that US sales could indeed decline this calendar year, due to the weakness of the passenger car market (YTD down 8.4% YoY).
Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
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