According to preliminary estimates, Light Vehicle (LV) sales fell by 0.4% YoY in July, to 1.30 million units. After sales contracted in June due to the CDK cyberattack, it was expected that the market would experience a significant rebound in July, but that failed to materialize to the anticipated extent.
In data: US light vehicle market flat as sales rebound is muted in July
July's lower-than-expected sales solidifies GlobalData's forecast for US LV sales in 2024 at 16.1 million