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Market cools

U.S. light-vehicle demand was forecast to cool for the seventh straight month in July, several analysts predicted ahead of Thursday's reports. Across the industry, U.S. deliveries dropped 2.4 percent in the first half of the year, with weaker retail demand offset by higher fleet sales.

Higher interest rates and rising transaction prices are undermining showroom traffic, analysts say, even as overall U.S. economic and job growth continues, though at a slower rate.

https://www.autonews.com/sales/toyota-honda-subaru-post-july-sales-gains-detroit-3-abandon-monthly-reports
 
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