from Calculated threat on 01/25/2023 14:48:00
From WardsAuto: US gentle car gross sales to rise for fifth straight month in January; Q1 forecast for 4% revenue (Paid content material). Brief excerpt:
The underside line is that uncooked quantity is rising, albeit slowly, with a projected year-over-year improve in January and all through the primary quarter. Because of the chaos of the previous three years, the uptrend rose to on in January Seasonally adjusted annual fee of 15.6 million items from December it is going to be 13.4 million the results of a break in typical year-end seasonal traits moderately than a sudden surge in demand.
This chart exhibits precise gross sales from the BEA (blue) and Wards forecast for January (pink).
The Wards forecast of 15.6 million SAAR could be up 17% from final month and up 3% from a yr in the past.
Automobile gross sales are usually a transmission mechanism for Federal Open Market Committee (FOMC) coverage, far behind housing building. This time, car gross sales have been extra suppressed by provide chain points, however gross sales at the moment are additionally more likely to be impacted by greater rates of interest.