Report: New Car Sales in June Rise Nearly 6 Percent
June 26, 2015—New-vehicle sales are expected to increase 5.8 percent year over year to a total of 1.5 million units in June. This will result in an estimated 17.4 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book.
"With another month of new-car sales growth in June 2015, the sixteenth in a row, the auto industry continues its incredibly strong momentum. With a 17.4 million projected SAAR for June, it would mark the third month above 17 million out of the past four months," said Alec Gutierrez, senior analyst for Kelley Blue Book. "However, heading into the summer months, sales should flatten out at a more sustainable pace."
The 1.5 million expected units this month will bring the first-half of the 2015 totals to 8.53 million, the highest first-half since 2005. Second-quarter sales will come in at 4.58 million units, also the highest second quarter total since 2005. Total sales in 2015 are projected to hit 17.1 million units overall, the highest overall total since 2001.
Key Highlights for Estimated June 2015 Sales Forecast:
- In June, new light-vehicle sales, including fleet, are expected to reach 1,500,000 units, up 5.8 percent from June 2014 and down 8 percent from May 2015.
- The seasonally adjusted annual rate (SAAR) for June 2015 is estimated to be 17.4 million, up from 16.8 million in June 2014 and down from 17.7 million in May 2015.
- Retail sales are expected to account for 80.6 percent of volume in June 2015, up from 79.7 percent in June 2014.