Reply To: Traders Market Weekly: Inflation Obsession in Worsening Liquidity


Auto sales preview:

TrueCar forecasts total new vehicle industry sales increased 13% in September to 1,140,659 units in September 2022. That tally is up 3% from August 2022 when adjusted for the same number of selling days.

Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 987,378 units, up 8% from a year ago and up about 3% from August 2022. “With increasing interest rates, affordability is being tested,” noted TrueCar analyst Zack Krelle, Industry Analyst at TrueCar. Honda (HMC), Nissan (OTCPK:NSANY)and General Motors (GM) were noted to have gained traction during the month. GM in particular was able to capitalize on other OEMs’ inability to deliver vehicles. Deliveries reports are also due in from electric vehicle makers. Tesla (TSLA) is expected to post a big Q3 deliveries number, with estimates ranging to as high as 370K units, which would smash the prior quarterly record of 310K units set in Q1 of 2020 before the pandemic closed down supply chains. The consensus estimate is for Tesla deliveries of about 350K deliveries. Watch for share price movements for Rivian Automotive (RIVN), Li Auto (LI), Nio (NIO), and XPeng (XPEV) as their deliveries reports are digested as well.