US sales continue growth streak in July

US Light Vehicle sales totaled 1.30 million units in July, according to GlobalData. The annualized selling rate increased slightly from 15.7 million units/year in June, to 15.8 million units/year in July. Meanwhile, July’s daily selling rate was estimated at 52,200 units/day, compared to 53,000 units/day in June. Therefore, although July broke a run of four consecutive months in which volumes had ranged between 1.35 and 1.38 million units, this streak would surely have continued had July had one more selling day – it had 25, compared to 26 in June. According to early estimates, retail sales totaled around 1,076,000 units, while fleet sales accounted for approximately 228,000 units, representing around 17.5% of total sales. 

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