July New Car Sales Estimated at Nearly 1.5 Million, Keeping SAAR Above 17 Million, Predicts Edmunds.com

Jul 30, 2015, 13:07 ET from Edmunds.com

SANTA MONICA, Calif., July 30, 2015 /PRNewswire/ -- Edmunds.com, the premier destination for car shopping, forecasts that 1,478,025 new cars and trucks will be sold in the U.S. in July for an estimated Seasonally Adjusted Annual Rate (SAAR) of 17.1 million. The projected sales will be a 0.3 percent increase from June 2015, and a 3.2 percent increase from July 2014.

"The first half of 2015 was the best six months in a decade for new car sales, and the pattern of strength continued into July," commented Jessica Caldwell, Director of Industry Analysis for car shopping website Edmunds.com. "We anticipate that sales will be robust throughout the summer, commensurate with the confidence of the American car shopper."

SALES VOLUME FORECAST, BY MANUFACTURER

Sales Volume

July 2015 Forecast

July 2014

June 2015

Change from July 2014

Change from June 2015

GM

263,634

256,160

259,353

2.9%

1.7%

Ford

215,796

211,467

224,681

2.0%

-4.0%

Toyota

211,438

215,802

209,912

-2.0%

0.7%

FCA

175,950

167,667

185,035

4.9%

-4.9%

Honda

142,855

135,908

134,397

5.1%

6.3%

Nissan

132,388

121,452

124,228

9.0%

6.6%

Hyundai/Kia

121,789

119,320

121,639

2.1%

0.1%

VW/Audi

46,561

45,169

48,698

3.1%

-4.4%

Industry

1,478,025

1,432,271

1,473,162

3.2%

0.3%


*NOTE: July 2015 had 26 selling days, July 2014 had 26 and June 2015 had 25.

Edmunds.com estimates that retail SAAR will come in at 14.9 million vehicles in July, with fleet transactions accounting for 12.8 percent of total sales. An estimated 3.22 million used cars will be sold in July, for a SAAR of 36.9 million (compared to 2.99 million – or a SAAR of 37.3 million – used car sales in June).

MARKET SHARE FORECAST, BY MANUFACTURER

Market Share

July 2015 Forecast

July 2014

June 2015

Change from July 2014

Change from June 2015

GM

17.8%

17.9%

17.6%

0.0%

0.2%

Ford

14.6%

14.8%

15.3%

-0.2%

-0.7%

Toyota

14.3%

15.1%

14.2%

-0.8%

0.1%

FCA

11.9%

11.7%

12.6%

0.2%

-0.7%

Honda

9.7%

9.5%

9.1%

0.2%

0.5%

Nissan

9.0%

8.5%

8.4%

0.5%

0.5%

Hyundai/Kia

8.2%

8.3%

8.3%

-0.1%

0.0%

VW/Audi

3.2%

3.2%

3.3%

0.0%

-0.2%

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-buying platform Edmunds.com serves 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 help@edmunds.com, 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 YouTubePinterestLinkedIn, Instagram, Google+ and Flipboard.

Contact:
Jeannine Fallon/Aaron Lewis
Edmunds.com Corporate Communications
www.Edmunds.com
Media Hotline: 310-309-4900
pr@edmunds.com

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SOURCE Edmunds.com



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