June Car Sales Cap a Strong First Half of 2013 for the Auto Industry, Reports Edmunds.com
SANTA MONICA, Calif., June 27, 2013 /PRNewswire/ -- Edmunds.com, the premier resource for car shopping and automotive information, forecasts that 1,365,496 new cars and trucks will be sold in the U.S. in June for an estimated Seasonally Adjusted Annual Rate (SAAR) this month of 15.5 million light vehicles. The projected sales will be a 5.3 percent decrease from May, but a 6.3 percent increase from June 2012. This month's sales performance is expected deliver the biggest volume and SAAR for the month of June since 2007.
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"Within the last month we saw a slowing stock market and a stalled unemployment recovery, but the automotive market continues to shine through it all," says Edmunds.com Senior Analyst Jessica Caldwell. "The first half of 2013 was every bit as strong as the auto industry could expect at the beginning of the year, and there's no reason why the next six months can't maintain the same momentum."
SALES VOLUME FORECAST, BY MANUFACTURER
|
Sales Volume |
June 2013 Forecast |
June 2012 |
May 2013 |
Change from June 2012* |
Change from May 2013* |
|
GM |
252,071 |
248,750 |
252,894 |
1.3% |
-0.3% |
|
Ford |
231,493 |
207,204 |
246,019 |
11.7% |
-5.9% |
|
Toyota |
190,247 |
177,795 |
207,952 |
7.0% |
-8.5% |
|
Chrysler Group |
159,496 |
144,811 |
166,596 |
10.1% |
-4.3% |
|
Honda |
136,473 |
124,808 |
140,013 |
9.3% |
-2.5% |
|
Hyundai/Kia |
111,829 |
115,139 |
120,685 |
-2.9% |
-7.3% |
|
Nissan |
98,952 |
92,237 |
114,457 |
7.3% |
-13.5% |
|
VW/Audi |
50,259 |
50,834 |
51,241 |
-1.1% |
-1.9% |
|
Industry |
1,365,496 |
1,284,775 |
1,442,551 |
6.3% |
-5.3% |
*NOTE: June 2013 had 26 selling days, June 2012 had 27 and May 2013 had 26.
Edmunds.com estimates that retail SAAR will come in at 12.7 million vehicles in June, with fleet transactions accounting for 18.4 percent of total sales. An estimated 3.07 million used cars will be sold in June, for a SAAR of 37.2 million (compared to 3.12 million – or a SAAR of 36.6 million – used car sales in May).
AUTOMAKER PERFORMANCE
Chrysler's spat with NHTSA over Jeep recalls earlier this month had some industry observers wondering how it would impact the brand's sales. In fact, Edmunds.com projects that Jeep sales will fall 5.0 percent year over year in June, but that could be attributed to the discontinued Liberty, which is being replaced by the Cherokee later this year. Chrysler's overall sales are projected to jump 10.1 percent this month over last year, thanks to a strong showing by Dodge and Ram, which are each expected to climb 25 percent this month.
MARKET SHARE FORECAST, BY MANUFACTURER
|
Market Share |
Jun-13 Forecast |
Jun-12 |
May-13 |
Change from |
Change from May 2013 |
|
GM |
18.5% |
19.4% |
17.5% |
-0.9% |
0.9% |
|
Ford |
17.0% |
16.1% |
17.1% |
0.8% |
-0.1% |
|
Toyota |
13.9% |
13.8% |
14.4% |
0.1% |
-0.5% |
|
Chrysler Group |
11.7% |
11.3% |
11.5% |
0.4% |
0.1% |
|
Honda |
10.0% |
9.7% |
9.7% |
0.3% |
0.3% |
|
Hyundai/Kia |
8.2% |
9.0% |
8.4% |
-0.8% |
-0.2% |
|
Nissan |
7.2% |
7.2% |
7.9% |
0.1% |
-0.7% |
|
VW/Audi |
3.7% |
4.0% |
3.6% |
-0.3% |
0.1% |
Meanwhile Hyundai and Kia did nothing to silence talk that the brands have peaked. Their 111,829 combined projected sales this month are off almost three percent from June of last year. VW/Audi (-1.1 percent) is the only other major automaker projected to report a decline in year-over-year sales in June.
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.
Edmunds.com is a car-shopping Web site committed to helping people find the car that meets their every need. Almost 18 million visitors use our research, shopping and buying tools every month to make an easy and informed decision on their next new or used car. Whether you're at the dealership or on the go, we're always by your side with our acclaimed Edmunds.com iPhone and iPad apps and our Edmunds.com Android App. Our comprehensive car reviews, shopping tips, photos, videos and feature stories offer a friendly and authentic approach to the automotive world. We're based in Santa Monica, Calif., but you can connect with us from anywhere by following @Edmunds on Twitter or by becoming a fan of Edmunds.com on Facebook.
Contact:
Jeannine Fallon/Aaron Lewis/Stephanie Mar
Edmunds.com Corporate Communications
www.Edmunds.com
Media Hotline: 310-309-4900
[email protected]
SOURCE Edmunds.com
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