Despite lingering logistic disruptions and sky-high prices, U.S. vehicle sales rose 2.5% month-over-month to 13.40 million units in July. Sales of light trucks and passenger vehicles also improved in July, boding well for automakers.
Moreover, according to Mordor Intelligence, the North America automotive market is expected to grow at a CAGR of more than 6.6% from 2022 to 2027.
