Car and Truck Sales

July 3, 2024

Unit car and truck sales fell 4.0% in June to 15.290 million after having risen 0.5% in May.  However, June sales were undoubtedly held down by a computer hack that delayed dealer deliveries to customers.  Thus, sales are sure to rebound in July.

We expect GDP growth of 1.9% in the second quarter of this year.  Steady gains in employment and higher wages should keep the economy going at a moderate pace  We then look for 1.7% GDP growth in the final two quarters of the year.

Stephen Slifer

NumberNomics

Charleston, SC