Wards Foresees 14.1 Million Light Vehicles in Sales and Inventory for July

Wards recently released its forecast which predicted a seasonally adjusted annual rate (SAAR) of 14.1 million light vehicles in sales and inventory for last month. (SAAR is the number of light vehicles, both sold and unsold, over the past 12 months.) That number would mean an 8% increase over June’s numbers and a major improvement over April, when there were fewer than 9 million vehicles that were both sold and on the market because of the ongoing coronavirus pandemic.

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IHS: 84 Million Older Cars Will Still Be on the Road in Three Years

An article from 24/7 Wall St. reported that, based on research from IHS Markit, people who drive older cars now will continue to drive them in the next few years. IHS predicts that, from 2018 to 2023, there will be an increase of 22% in the number of 16-year-old cars on the road. This means, in three years, 84 million older cars will still be driven, compared to 35 million in 2002. Rather than driving around an older car, call Gershow Recycling to sell it.

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