The United States automotive sales were only subtly on the rise during the year's second quarter as customers didn't like the still-high prices despite the increasing discounts and down-trending MSRPS.The situation could brighten on the horizon – according to The Washington Post, automotive industry analysts predict further price drops, and the potential of interest-rate cuts might help loans become slightly more affordable. According to preliminary data, US sales rose just 0.1% compared to 2023, and June was especially catastrophic due to cyberattacks that crippled dealership software.
Companies such as General Motors said that some sales had to be pushed to the third quarter of the year due to the problem. Still, analysts say that, nevertheless, inventories are on the rise for pickup trucks and other high-priced vehicles as people wait for larger discounts. Together, automakers have sold around 4.13 million vehicles during Q2, putting them on track for deliveries of around 16 million units this year, slightly above last year's total of 15.6 million.
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