U.S. Auto Sales Chartbook. October 2019

Summary

Solid but stable new vehicle sales through 3Q19. A robust supply of “off-leasing” units and access to credit support sales of used vehicles. Consumer credit remains healthy, although delinquencies keep growing.

Key points

• Key points:
• Although lower interest rates may provide a relief, auto sales are projected to decelerate as economic growth slows down
• Uncertainty surrounding the impact of UAW-GM strike, trade tariffs on steel and aluminum, USMCA, and potential tariffs on imported vehicles
• Electric vehicle demand has slowed down, potentially reflecting the impact of a slower economy and not enough new models

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