U.S. Vehicle Sales (June 2026)

U.S. Vehicle Sales Strengthened in June

• U.S. vehicle sales rose 2.8% month on month (m/m) to 16.5 million (annualized) units in June, coming in above consensus expectations for 16.1 million units.
• Unadjusted sales volumes were 1.36 million units – 7.2% above June 2025 levels. The average daily selling rate (DSR) was 54,577, coming in above the year ago level of 53,020. 
• Passenger vehicle sales were up 1.5% year on year (y/y) while sales of light trucks were up 4.9% y/y. Light trucks accounted for 84% of last month’s sales, roughly equal to their year ago share.
  
   

Key Implications

• Vehicle sales hit their highest level since last September to end the second quarter, reflecting a relatively resilient market. Consumer sentiment was also likely boosted by the material decline in gas prices during the month, with the AAA national average falling by 60 cents to its current level of $3.83/gallon. While the ongoing negotiations between the U.S. and Iran are a positive development, the gradual recovery in vessel traffic through the Strait of Hormuz could still lead to energy market volatility over the coming months.
• Heading into the second half of the year, vehicle sales are likely to remain near 16 million annualized units as households contend with stable economic conditions but lingering affordability challenges. With markets pricing a roughly 80% chance for at least one rate hike from the Federal Reserve by the end of the year, financing conditions are likely to remain tight through the end of the year. Additionally, trade policy uncertainty related to the current USMCA review could also lead to challenges for the industry, with negotiations expected to be monitored closely over the coming months.
  
   

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