J.D. Power and Associates Reports: July's New-Vehicle Retail Sales Pace Stronger Than June's, But Still Slower Than the Start of the Year

WESTLAKE VILLAGE, Calif., Aug. 1, 2011 /PRNewswire/ -- New-vehicle retail sales in July, which got off to strong start over the Independence Day weekend, have again slowed during the second half of the month—a pattern also seen in  June 2011—according to J.D. Power and Associates, which gathers real-time transaction data from more than 8,900 retail franchisees throughout the United States.

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The July retail seasonally adjusted annualized rate (SAAR) is expected to come in at 9.6 million units, 300,000 units stronger than the 9.3 million unit SAAR in June. The total light-vehicle selling rate is expected to reach 11.8 million units, the third straight month below the 12 million-unit level.

"The auto industry is having a difficult time shaking off adversity, as vehicle sales start the second half of the year better than June, but not as strong as many people had hoped," said Jeff Schuster, executive director of global forecasting at J.D. Power and Associates. "A recovery pattern is still expected, but the pace could be in question as reported weaker GDP growth in the first half of the year may dampen the outlook."

J.D. Power and Associates will be tracking new-vehicle sales as they are announced by auto manufacturers on August 2 and will have automotive analysts available for both print and broadcast interviews after 8:00 a.m. E.T./5:00 a.m. P.T.

To schedule an interview, please contact:
John Tews; Troy, Mich.; (248) 312-4119; [email protected]
Syvetril Perryman; Westlake Village, Calif.; (805) 418-8103; [email protected]

About J.D. Power and Associates

Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company providing forecasting, performance improvement, social media and customer satisfaction insights and solutions. The company's quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.

About The McGraw-Hill Companies

Founded in 1888, The McGraw-Hill Companies is a leading global financial information and education company that helps professionals and students succeed in the Knowledge Economy. With leading brands including Standard & Poor's, McGraw-Hill Education, Platts energy information services and J.D. Power and Associates, the Corporation has approximately 21,000 employees with more than 280 offices in 40 countries. Sales in 2010 were $6.2 billion. Additional information is available at http://www.mcgraw-hill.com.

SOURCE J.D. Power and Associates

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