Auto Industry Expected to Deliver Best June Sales in 11 Years, Says Edmunds.com
Forecast Projects that 2016 Sales Will Continue on Record Sales Track
SANTA MONICA, Calif., June 23, 2016 /PRNewswire/ -- Edmunds.com, the leading car information and shopping network, forecasts that 1,528,812 new cars and trucks will be sold in the U.S. in June for an estimated Seasonally Adjusted Annual Rate (SAAR) of 16.9 million. This reflects a 0.2 percent decrease from May 2016, but a 3.8 percent increase from June 2015. The forecast anticipates that it will be the best for the month of June since 1.67 million sales were registered in June 2005.
Edmunds.com projects that 8,656,267 new cars and trucks will be sold this year in the U.S. through the end of June, up 1.6 percent from the 8,518,550 sales recorded through the first six months of 2015's record-breaking year.
"The industry may not be growing as fast as in recent years but, at the halfway point of 2016, it's still on pace to set another annual sales record," says Edmunds.com Director of Industry Analysis Jessica Caldwell. "As long as economic conditions -- like low unemployment and easy access to credit -- continue, the industry will be in a strong position through the busy summer sales months."
SALES VOLUME FORECAST, BY MANUFACTURER
| Sales Volume |
June 2016 Forecast |
June 2015 |
May 2016 |
Change from June 2015 |
Change from May 2016 |
| GM |
256,017 |
259,353 |
240,450 |
-1.3% |
6.5% |
| Ford |
238,516 |
224,681 |
234,748 |
6.2% |
1.6% |
| Toyota |
207,644 |
209,912 |
219,339 |
-1.1% |
-5.3% |
| Fiat Chrysler |
197,447 |
185,035 |
204,452 |
6.7% |
-3.4% |
| Honda |
144,017 |
134,397 |
147,108 |
7.2% |
-2.1% |
| Nissan |
132,677 |
124,228 |
133,496 |
6.8% |
-0.6% |
| Hyundai/Kia |
131,571 |
121,639 |
133,932 |
8.2% |
-1.8% |
| VW/Audi |
47,676 |
48,698 |
47,507 |
-2.1% |
0.4% |
| Industry |
1,528,812 |
1,473,162 |
1,531,885 |
3.8% |
-0.2% |
| *NOTE: June 2016 had 26 selling days, June 2015 had 25 and May 2016 had 24. |
Edmunds.com estimates that retail SAAR will come in at 13.6 million vehicles in June 2016, with fleet transactions accounting for 20.1 percent of total sales. An estimated 3.1 million used cars will be sold in June 2016, for a SAAR of 38.0 million (compared to 3.2 million – or a SAAR of 38.0 million – used car sales in May 2016).
MARKET SHARE FORECAST, BY MANUFACTURER
| Market Share |
June 2016 Forecast |
June 2015 |
May 2016 |
Change from June 2015 |
Change from May 2016 |
| GM |
16.7% |
17.6% |
15.7% |
-0.9% |
1.0% |
| Ford |
15.6% |
15.3% |
15.3% |
0.3% |
0.3% |
| Toyota |
13.6% |
14.2% |
14.3% |
-0.7% |
-0.7% |
| Fiat Chrysler |
12.9% |
12.6% |
13.3% |
0.4% |
-0.4% |
| Honda |
9.4% |
9.1% |
9.6% |
0.3% |
-0.2% |
| Nissan |
8.7% |
8.4% |
8.7% |
0.2% |
0.0% |
| Hyundai/Kia |
8.6% |
8.3% |
8.7% |
0.3% |
-0.1% |
| VW/Audi |
3.1% |
3.3% |
3.1% |
-0.2% |
0.0% |
More insight into recent auto industry trends can be found in Edmunds.com's Industry Center at http://www.edmunds.com/industry-center/.
About Edmunds.com, Inc.
Car shopping destination Edmunds.com serves nearly 20 million visitors each month. With Edmunds.com Price Promise®, shoppers can buy smarter with instant, upfront prices for cars and trucks currently for sale at 10,000 dealer franchises across the U.S. Shoppers can browse not only dealer inventory, but also vehicle reviews, shopping tips, photos, videos and feature stories on both Edmunds' wired site and on its acclaimed mobile apps. Regarded as one of the best places to work in Southern California, Edmunds.com was also named one of "The World's Top 10 Most Innovative Companies of 2015 in Automotive" by Fast Company. Edmunds welcomes all car-shopping questions on its free Live Help Line at 1-855-782-4711 and [email protected], via text at ED411 and on Twitter and Facebook. The company is based in Santa Monica, Calif. and has a satellite office in downtown Detroit, Mich., but you can find Edmunds from anywhere on YouTube, Pinterest, LinkedIn, Instagram, Google+ and Flipboard.
Contact:
Aaron Lewis Edmunds.com Corporate Communications
www.Edmunds.com
Media Hotline: 310-309-4900
[email protected]
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SOURCE Edmunds.com
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