Auto Industry Poised for Best June Sales in a Decade, Forecasts Edmunds.com
SANTA MONICA, Calif., June 26, 2015 /PRNewswire/ -- Edmunds.com, the premier destination for car shopping, forecasts that 1,484,487 new cars and trucks will be sold in the U.S. in June for an estimated Seasonally Adjusted Annual Rate (SAAR) of 17.3 million. The projected sales will be a 9.0 percent decrease from May 2015, but a 4.7 percent increase from June 2014. If the sales volume holds, it will mark the best-selling month of June since 2006, and the biggest June SAAR since 2005.
"The auto industry has maintained most of the strength it flexed during its record-breaking May," said Edmunds.comDirector of Industry Analysis Jessica Caldwell. "In many parts of the country we saw May's deal offers extend well into June, and Fourth of July promotions should start as early as next week. These sales messages are helping to sustain the industry's momentum into the first few weeks of summer."
SALES VOLUME FORECAST, BY MANUFACTURER
| Sales Volume |
June 2015 Forecast |
June 2014 |
May 2015 |
Change from June 2014 |
Change from May 2015 |
| GM |
265,825 |
267,461 |
293,097 |
-0.6% |
-9.3% |
| Ford |
223,666 |
221,396 |
250,086 |
1.0% |
-10.6% |
| Toyota |
207,254 |
201,714 |
242,579 |
2.7% |
-14.6% |
| FCA Group |
186,864 |
171,086 |
202,227 |
9.2% |
-7.6% |
| Honda |
140,276 |
129,023 |
154,593 |
8.7% |
-9.3% |
| Nissan |
124,445 |
109,643 |
134,779 |
13.5% |
-7.7% |
| Hyundai/Kia |
119,855 |
118,051 |
126,043 |
1.5% |
-4.9% |
| VW/Audi |
48,844 |
45,694 |
53,186 |
6.9% |
-8.2% |
| Industry |
1,484,487 |
1,418,027 |
1,631,260 |
4.7% |
-9.0% |
| *NOTE: June 2015 had 26 selling days, June 2014 had 27 and May 2015 had 26. |
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Edmunds.com estimates that retail SAAR will come in at 14.1 million vehicles in June, with fleet transactions accounting for 18.3 percent of total sales. An estimated 2.98 million used cars will be sold in June, for a SAAR of 37.2 million (compared to 3.07 million – or a SAAR of 37.4 million – used car sales in May).
MARKET SHARE FORECAST, BY MANUFACTURER
| Market Share |
June 2015 Forecast |
June 2014 |
May 2015 |
Change from June 2014 |
Change from May 2015 |
| GM |
17.9% |
18.9% |
18.0% |
-1.0% |
-0.1% |
| Ford |
15.1% |
15.6% |
15.3% |
-0.5% |
-0.3% |
| Toyota |
14.0% |
14.2% |
14.9% |
-0.3% |
-0.9% |
| FCA Group |
12.6% |
12.1% |
12.4% |
0.5% |
0.2% |
| Honda |
9.4% |
9.1% |
9.5% |
0.4% |
0.0% |
| Nissan |
8.4% |
7.7% |
8.3% |
0.7% |
0.1% |
| Hyundai/Kia |
8.1% |
8.3% |
7.7% |
-0.3% |
0.3% |
| VW/Audi |
3.3% |
3.2% |
3.3% |
0.1% |
0.0% |
What economic factors are driving today's heavy volume of shoppers to dealer showrooms? Edmunds.com Chief Economist Dr. Lacey Plache explains what car shoppers want at http://www.edmunds.com/industry-center/analysis/what-car-shoppers-want-now.html.
About Edmunds.com, Inc.
Car-buying platform Edmunds.com serves over 18 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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