(Reuters) - Sales of new vehicles in the United States are set to gain in June, helped by sustained demand for personal mobility, a study showed on Mo.
/PRNewswire/ Signs of green shoots within the auto demand environment continue to emerge as June US auto sales are expected to follow-up on the solid volume.
S&P Global Mobility: US auto sales advance again in June tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
"Signs of green shoots within the auto demand environment continue to emerge as June US auto sales are expected to follow-up on the solid volume levels of the preceding two months," S&P Global Mobility said in its report. According to the report, new light vehicle sales volume in June are expected to touch 1.38 million units, up 17% year over year. "There are signs that manufacturers are working to preserve their strong pricing power at the expense of building back inventory levels at an excessive pace," said Joe Langley, associate director at S&P Global Mobility.
Miles apart: U S and Europe diverge on Chinese EVs - Governors Wind Energy Coalition governorswindenergycoalition.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from governorswindenergycoalition.org Daily Mail and Mail on Sunday newspapers.