Light Truck Sales Lead The Way In The U.S. Automotive Market

Amid concerns of softer global economic growth, the U.S. automotive market continues to record solid growth led by the sustained high demand for SUVs/Crossovers. The country's light-duty vehicle market rose 3.8% year-over-year through August, but while car sales have declined by more than 3%, light-truck sales have risen 10.4%. We have a $46 price estimate for Volkswagen AG, which is above the current market price. The stock has declined 11% in the last month.