US New Vehicle Sales In Q3 Could Remain Flat Or Fall Marginally, Say Experts, Led By Declines At GM, Toyota, Stellantis
Portfolio Pulse from Anan Ashraf
US new vehicle sales in Q3 are expected to remain flat or fall marginally, with declines at GM, Toyota, and Stellantis. Cox Automotive predicts a 2% drop in sales, while JD Power expects a slight increase. GM is expected to lead sales, followed by Toyota. Tesla's sales are projected to decrease by 2.4%.
October 01, 2024 | 1:05 pm
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NEUTRAL IMPACT
General Motors is expected to lead US vehicle sales in Q3 despite an overall decline in the market. Cox Automotive predicts GM will sell 648,043 vehicles.
GM is expected to lead in sales, which is positive, but the overall market decline and specific mention of GM's sales decline balance the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stellantis is expected to see a decline in vehicle sales in Q3, contributing to the overall market dip.
Stellantis is specifically mentioned as experiencing a sales decline, which is likely to negatively impact its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tesla's US sales are expected to decrease by 2.4% in Q3, despite discounted transaction prices boosting EV sales.
Tesla's sales decline is highlighted, which could negatively affect its stock, despite the broader EV market dynamics.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60