Blog: Dave LeggettUS light vehicle market

Dave Leggett | 29 August 2003

Sounds as if the August figures for the US light vehicle market will be pretty strong when they emerge next week. If the reports of strong sales are confirmed, then obviously incentives have played a role in keeping the volume up, but there will also be some grounds for optimism over the underlying state of demand. And the strong result comes in spite of that power cut that affected the US northeast. The other thing to look out for is the performance of the Detroit Three, although the exceptionally strong market being talked about suggests that they will have performed relatively well. But, as interest rates edge up, will they be able to keep the punter-pulling deals going? Also, the best deals mainly apply to '03 model year clearouts. The next few months could be less comfortable for Detroit, even assuming that the economic backdrop continues to improve.


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