Read BofA's Take On U.S. Light Vehicle Sales

BofA analyst John Murphy sees U.S. light-vehicle sales down ~20% year-over-year in December on a selling day adjusted basis yielding a seasonally adjusted annualized rate of 12.9 million vehicles.
Murphy said that the expected weak performance reflects depressed sales due to the ongoing supply shock.
Murphy added that if December sales are in-line with his estimate, it would mark the third month of essentially flattish performance in SAAR and bring 2021 complete year sales to a little less than 15 million units, up just 3% from the COVID-induced tough of 14.5 million units.
Murphy's channel checks suggest that the range of sales estimate in December 2021 remains "quite wide," which he calls "not too surprising given the lacking visibility."
Publicly traded automakers include Daimler DDAIF, Ford Motor Co F, General Motors Co GM, Honda Motor Co Ltd HMC, Nissan Motor Co Ltd NSANY, Stellantis NV STLA, Tesla Inc TSLA, Toyota Motor Corp TM and Volkswagen AG VWAGY.
Price Action: TSLA shares traded lower by 0.06% at $1,093.31 on the last check Tuesday.

Analyst Calendar