US Light Vehicle sales totaled 1.30 million units in July, according to GlobalData.* The annualized selling rate increased from 15.7 million vehicles a year in June, to 15.8 million in July. July’s daily selling rate was estimated at ~52,200 vehicles per day, compared to 53,000 in June. According to early estimates, retail sales totaled around 1,076,000 units, while fleet sales accounted for approximately 228,000 units, representing around 17.5% of total sales.
“At the risk of sounding like a broken record, July continued the trends that we have observed for several months now. As vehicle availability has improved, sales have grown, and the economy remains sufficiently strong to support the market’s activity, despite high transaction prices, rising interest rates and fears of a recession later in the year or in 2024,” said David Oakley, Manager, Americas Sales Forecasts, GlobalData. Continue reading
Former Nikola and GM Engineer Joins Volkswagen of American
Lyndon Lie.
Volkswagen of American said today that Lyndon Lie is now Chief Engineering Officer. He will oversee the development and launch of future VW vehicles in the North American Region. Lie will be based in Chattanooga, TN. He has vehicle engineering experience in the design, development and launch of multiple battery electric vehicles (BEVs), as well as developing and launching advanced driver assistance systems. (AutoInformed: VW Patents High-Speed Wireless EV Charging System)
“Lyndon brings incredible experience to the Volkswagen brand, which will help us achieve our goal of growing our market share across North America in this decade,” said Pablo Di Si, President and CEO, Volkswagen Group of America. “Designing and engineering our vehicles to meet the unique needs of our markets is more critical than ever before. To achieve this, we continue to take proactive steps to strengthen our capabilities and experience within the North American market.” Continue reading →