U.S. New Vehicle Sales Rise

This is a news story, published by Yahoo Finance (Canada), that relates primarily to SAAR news.

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New vehicle sales

Reuters

•

US auto sales set to rise in August on Labor Day weekend surge, report shows

Summary

Nutrition label

83% Informative

On a seasonally adjusted annualized annualized rate ( SAAR ) basis, which adjusts for Labor Day timing, sales are expected to stay roughly flat at 15.3 million units.

Discounts from dealers and manufacturers are rising, while average transaction prices are falling.

The industry is also grappling with the effects of reduced leasing activity from three years ago .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive