Analysts at Nomura are expecting a sharp decline in total light vehicle sales in July to 16.8m saar from 17.4m in June for US. Key Quotes “The sales pace in June was unusually strong and we think that this pace is likely unsustainable. Rising household wealth and the strong labor market likely supported consumer demand, but credit conditions remain unfavorable.” “According to the Federal Reserve’s Senior Loan Officer Opinion Survey, the lending standards on consumer auto loans have remained tight in recent quarters while demand for those loans has been soft.” “Thus, we expect auto sales to slow in July. While monthly estimates of vehicle sales can be volatile, we expect 16.8m for total vehicle sales for 2018 following 17.2mn in 2017.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next DXY Technical Analysis: Found contention in the short-term support line around 94.20 FX Street 5 years Analysts at Nomura are expecting a sharp decline in total light vehicle sales in July to 16.8m saar from 17.4m in June for US. Key Quotes "The sales pace in June was unusually strong and we think that this pace is likely unsustainable. Rising household wealth and the strong labor market likely supported consumer demand, but credit conditions remain unfavorable." "According to the Federal Reserve's Senior Loan Officer Opinion Survey, the lending standards on consumer auto loans have remained tight in recent quarters while demand for those loans has been soft." "Thus, we expect auto sales to slow in July.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
