2014

Cars.com Analyst Forecasts New-Car Sales Pace for June

CHICAGO, June 25, 2014 /PRNewswire/ -- Cars.com expects total June sales to come in at 1,372,168 units, down 2.1 percent year-over-year and down 14.7 percent from May. A SAAR of 16.37 million new-car sales is expected for the month, an increase of 3.1 percent from June 2013, and down 2.4 percent month-over-month.

"Despite the expected year-over-year dip, the pace of new-car sales remained healthy in June at approximately 16.4 million SAAR," said Jesse Toprak, chief analyst for Cars.com.  "An attractive collection of new models as well as improved affordability due to very low interest rates and lease specials continued to bring customers into showrooms. We expect the rest of 2014 to continue to track above 16 million units."

In the midst of one of the largest automotive recalls in U.S. history, GM is expected to see a decrease of 6.1 percent in year-over-year sales in June, translating into a loss of 0.8 percent in U.S. market share.

It is anticipated that retail sales will make up 80 percent of total automotive sales this month, down 0.2 percent from June 2013.

Automotive sales forecasts for June 2014 for the 'Big Eight' manufacturers:

Unit Sales

Manufacturer

June 2014 Sales Forecast

YoY

MoM

Chrysler/Fiat Group

167,159

7.1%

-14.0%

Ford

219,406

-6.6%

-13.4%

GM

248,596

-6.1%

-12.7%

Honda

131,682

-3.8%

-13.7%

Hyundai/Kia

109,680

-5.1%

-16.3%

Nissan

111,267

6.9%

-18.1%

Toyota

206,742

5.9%

-15.0%

Volkswagen

46,418

-14.6%

-13.5%

Total

1,372,168

-2.1%

-14.7%

 

Market Share

Manufacturer

June 2014 Sales Forecast

May-14

Jun-13

Chrysler/Fiat Group

12.2%

12.1%

11.1%

Ford

16.0%

15.7%

16.8%

GM

18.1%

17.7%

18.9%

Honda

9.6%

9.5%

9.8%

Hyundai/Kia

8.0%

8.1%

8.2%

Nissan

8.1%

8.4%

7.4%

Toyota

15.1%

15.1%

13.9%

Volkswagen

3.4%

3.3%

3.9%

ABOUT CARS.COM
Cars.com is an award-winning online destination for car shoppers that offers information from consumers and experts to help buyers formulate opinions on what to buy, where to buy and how much to pay for a car. Cars.com offers thousands of new and used vehicle listings, consumer reviews, side-by-side comparison tools, photo galleries, videos, unbiased editorial content and many other tools to take the drama out of car shopping. Cars.com puts millions of car buyers in control of their shopping process with the information they need to make confident buying decisions. Launched in June 1998, Cars.com is a division of Classified Ventures LLC.

SOURCE Cars.com



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