August US Auto Sales Exceed Expectations Despite Heavy Reliance on Incentives

Deutsche Bank: August US Auto Sales Beat Forecasts, But Incentives Remain A Factor

Deutsche Bank: August US Auto Sales Beat Forecasts, But Incentives Remain A Factor U.S. auto sales came in stronger than expected in August, offering another sign that consumer demand for new vehicles remains relatively resilient despite elevated borrowing costs and broader questions about the economy. According to Deutsche Bank’s auto team, led by Edison Yu, August sales ran at a seasonally adjusted annual rate of roughly 16.9 million vehicles. That was comfortably ahead of the...

By Tyler Durden