Monthly and annual bumps forecasted. Slight inventory dip noted, though supplies up strongly YOY.
Two forecasts show a healthy increase after CDK Global systems restoration, despite seasonal and other market complications.
June conditions, including best average loan rate in a year, make buying more likely.
One forecast expects big effect while another sees deliveries up.
China sales surpassed U.S. brands for first time as Europe sees most growth and SUVs gain biggest market share to date.
Supply backlog of 2023 vehicles nearly at prepandemic level.
Growing inventory, incentives shrink dealer profit, though sales are strong.
Fewer selling days explain the difference. Sales pace on track to be the best sales year since 2019.
NADA sees the trend continuing all year as inventories, incentives balance consumer finance woes.
Early figures put volume up 1.4%, SAAR also up on higher inventory, incentives.
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