June 26 (Reuters) - Sales of new vehicles in the United States are set to gain in June, helped by sustained demand for personal mobility, a study showed on Monday.
"Signs of green shoots within the auto demand environment continue to emerge as June US auto sales are expected to follow-up on the solid volume levels of the preceding two months," S&P Global Mobility said in its report.
According to the report, new light vehicle sales volume in June are expected to touch 1.38 million units, up 17% year over year.
"There are signs that manufacturers are working to preserve their strong pricing power at the expense of building back inventory levels at an excessive pace," said Joe Langley, associate director at S&P Global Mobility.
S&P Global Mobility said it expects sales of battery-electric vehicles to reach 7% on June's sales.
Persons:
Joe Langley, Nathan Gomes, Maju Samuel
Organizations:
P Global Mobility, Thomson
Locations:
United States, Bengaluru