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S&P Global Mobility: July sales to realize bounce from June impacts

Given the shift of delayed new vehicle purchases which stemmed from the dealer management software cyberattack, the pace of sales in July is expected to realize a notable boost

SOUTHFIELD, Mich., July 24, 2024 /PRNewswire/ — S&P Global Mobility projects new light vehicle sales volume in July 2024 to reach 1.32 million units, up approximately 1% year over year. This volume would translate to an estimated sales pace of 16.4 million units (seasonally adjusted annual rate: SAAR), which would be the highest monthly mark for this metric since May 2021.