September 9, 2024
Unit car and truck sales declined 4.5% in August to a 15.131 million pace after having jumped 4.4% in July. Car sales seem to be plodding along at roughly the same pace as they have throughout the past year in a range from 15.0-15.5 million.
We expect GDP growth of 1.0% in the third quarter given a slower pace of inventory accumulation. That should be followed by 1.7% GDP growth in the fourth quarter.
Stephen Slifer
NumberNomics
Charleston, SC
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