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Headline
Vehicle sales disappointed in June, falling to 16.6 mm units. sales averaged a 17.1 mm unit pace in 2016-H1, a decent showing but a clear deceleration from 17.3 mm in 2015-H1. Domestic auto sales averaged 5.0 mm units in 16Q2, worst quarter since 2011.
Abstract
Vehicle Sales disappointed in June; as in March, much of the shortfall came in fleet sales. At the halfway point, 2016 sales are unlikely to break the long-standing record set in 2000, in part because of the surging popularity of ride-sharing services (which, among other things, are beginning to shift consumption to services from goods/autos). Regardless, the vehicle sector and the consumer remain in good shape.About Michael Lewis
Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.
FMI has compiled a solid record of timely, independent and accurate economic forecasts. FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.
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