Car Sales Remain Strong Despite Rising Interest Rates & Recession Anxiety – 22 May 2023
Key Points Car sales in April saw a positive uptick despite the Fed’s raising of interest rates and economic uncertainty The industry is improving, but a return to “normal” levels will look a lot different than what others might expect EV outlook remains positive, with a potential increase in market share in future Continuing the positive trend from March, April saw an increase of 13.1 percent in light vehicle sales year-over-year, with a seasonally adjusted annual rate (SAAR) of 15.9mm. Car sales increased 15.3 percent … Read more