LIVE: Auto sales (HMC, TM, F, GM, FCAU, NSANY, VOW)
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The big automakers will announce their sales numbers for June throughout Friday.
Economists estimate that total vehicle sales rose at a seasonally adjusted annual rate of 17.30 million, according to Bloomberg. That's not much lower than the 17.37 million rate reported in May.
Analysts are debating whether this rate has peaked, following a record year 2015.
Last month, two of the so-called Big Three in the auto industry — GM and Ford — reported sales declines that were larger than expected.
But it's worth noting that the overall rate of sales in May, which topped expectations, is still running near the record pace of last year. In a note, Barclays' Brian Johnson cautioned against tough comparisons that reinforce "negative sentiment," according to Bloomberg.
Here's the latest scoreboard:
- Nissan: +13.1% (+7.2% expected)
- Fiat Chrysler: +6.5% (+8.9% expected)
- Ford: +6.4% (+4.9% expected)
- GM: -1.6% (-0.7% expected)
- Honda: +3.2% (+9.4% expected)
- VW: -22%
- Toyota: -5.6% (+3.6% expected)
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