However, compared to a year ago, vehicle sales in August are expected to fall by about 330,000 units. On the plus side, the seasonal changes in August recommend that the decrease in volume not be as noticeable as it seems. There were two more days of sales in August 2019 and the Labor Day holiday, a wonderful weekend of sales, was included in the effects of Last Year’s August, but not this year. Although uns tight sales are expected to decline by nearly 20%, adjusted volume will decrease by only about 12% as of August 2019.
August is another step forward in the recovery of the market, the speed of improvement of sales now seems to be decreasing. According to Charlie Chesbrough, senior economist at Cox Automotive, “While the market spot continues to slowly improve, a number of points save you more powerful gains. Limited stocks for some brands, as well as the maximum unemployment rate and the confidence low point related to The Pandemic. Array continues to prevent sales from recovering faster. There has also been a significant decrease in incentives. These disorders are likely to persist, at least in the short term.”