New Vehicle Sales Are Showing Gains in July as Prices Improve

Car sales increase in July due to lower prices, as supply chain issues ease.
New Vehicle Sales Are Showing Gains in July as Prices Improve
Automobiles are shown for sale at a car dealership in Carlsbad, Calif., on May 2, 2016. Mike Blake/Reuters
Bryan Jung
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New vehicle sales slightly accelerated this month, as automakers are expected to report big gains over last year in the next few days, according to a new report.

A combination of higher interest rates, tighter credit, and improved supply, have led to a balance between supply and demand in the market, while lower vehicle prices are likely to lead to an overall decline in inflation.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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