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New Vehicle Retail Demand Slumping, Edmunds Forecasts

Car-buying platform Edmunds.com serves nearly 20 million visitors each month. With Edmunds.com Price Promise(R), shoppers can buy smarter with instant, upfront prices for cars and trucks currently for sale at over 10,000 dealer franchises across the U.S.

News provided by

Edmunds.com

Apr 26, 2017, 08:00 ET

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SANTA MONICA, Calif., April 26, 2017 /PRNewswire/ -- Edmunds, the leading car shopping and information platform, forecasts that 1,431,695 new cars and trucks will be sold in the U.S. in April for an estimated seasonally adjusted annual rate (SAAR) of 17.0 million. This reflects nearly an 8 percent decrease in sales from March 2017, and a 4 percent decrease from April 2016.

"The industry has been holding its breath to see if the days of peak sales are over, and while Q1 sales managed to remain stable, we're starting to see the slowdown in 2017 we've been anticipating," said Jessica Caldwell, Edmunds executive director of industry analysis. "These year-over-year declines may become more typical as the year progresses, but there's no reason to be in panic mode. Historically, car sales are still strong."

SALES VOLUME FORECAST, BY MANUFACTURER

Sales Volume

April 2017 Forecast

April 2016

March 2017

Change from April 2016

Change from March 2017

GM

250,078

259,557

256,224

-3.7%

-2.4%

Ford

216,438

229,739

234,895

-5.8%

-7.9%

Toyota

201,031

211,125

215,224

-4.8%

-6.6%

Fiat Chrysler

180,419

189,005

190,254

-4.5%

-5.2%

Honda

138,813

148,829

137,227

-6.7%

1.2%

Nissan

123,714

123,861

168,832

-0.1%

-26.7%

Hyundai/Kia

112,719

118,721

118,694

-5.1%

-5.0%

VW/Audi

43,376

44,913

46,340

-3.4%

-6.4%

Industry

1,431,695

1,491,901

1,549,991

-4.0%

-7.6%

*NOTE: April 2017 had 26 selling days, April 2016 had 27 and March 2016 had 27.

Edmunds estimates that retail SAAR will come in at 13.6 million vehicles in April 2017, with fleet transactions accounting for 19.5 percent of total sales. An estimated 3.6 million used vehicles will be sold in April 2017, for a SAAR of 38.4 million (compared to 3.4 million – or a SAAR of 38.4 million – in March).

MARKET SHARE FORECAST, BY MANUFACTURER

Market Share

April 2017 Forecast

April 2016

March 2017

Change from April 2016

Change from March 2017

GM

17.5%

17.4%

16.5%

0.1%

0.9%

Ford

15.1%

15.4%

15.2%

-0.3%

0.0%

Toyota

14.0%

14.2%

13.9%

-0.1%

0.2%

Fiat Chrysler

12.6%

12.7%

12.3%

-0.1%

0.3%

Honda

9.7%

10.0%

8.9%

-0.3%

0.8%

Nissan

8.6%

8.3%

10.9%

0.3%

-2.3%

Hyundai/Kia

7.9%

8.0%

7.7%

-0.1%

0.2%

VW/Audi

3.0%

3.0%

3.0%

0.0%

0.0%

More insight into recent auto industry trends can be found in the Edmunds Industry Center at http://www.edmunds.com/industry-center/.

About Edmunds
Edmunds is the leading car information and shopping platform, helping millions of visitors each month find their perfect car. With products like Edmunds Your Price, Your Lease and Used+, shoppers can buy smarter with instant, upfront prices for cars and trucks currently for sale at more than 13,000 dealer franchises across the U.S. Edmunds' in-house team of unbiased car shopping experts provide industry-leading vehicle reviews and shopping tips, as well as welcome all car-shopping questions to the free Shopper Advice line at 1-855-782-4711, via email at [email protected], via text at ED411 and on Twitter and Facebook. The company is regarded as one of America's best workplaces by Fortune and Great Places to Work. Edmunds is based in Santa Monica, Calif. and has a satellite office in downtown Detroit, Mich.

Contact:
Monica Favorite
Edmunds.com Corporate Communications
www.Edmunds.com
Media Hotline: 310-309-4900
[email protected]

SOURCE Edmunds.com

Related Links

http://www.edmunds.com

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