July was a good example of how rising incentives are contributing to an improving sales climate.
A buoyant economy and improving stockpiles helped push light-vehicle deliveries up 15 percent to some 1.3 million in July from depressed levels a year earlier, GlobalData said in a preliminary report.
The seasonally adjusted, annualized rate of sales tallied 15.9 million last month, Motor Intelligence said, just within the range of forecasts of 15.9 million to 16.1 million but up sharply from July 2022’s