June Auto Sales to Slow Following Surprisingly Strong May
June 27, 2019
Annual sales pace expected to reach a healthy 17.2 million level, but June volume will be lower.
June 27, 2019—Cox Automotive is forecasting June auto sales volume to decline nearly 2.7 percent from last year, about 40,000 units, falling to 1.51 million, according to the Automotive Service Association.
The SAAR is expected to drop slightly to 17.2 million, below May's 17.3 million level, but is on par with the 17.2 million posted in June 2018. June is expected to return to a more modest market after surprisingly strong sales in May.
The SAAR remains elevated, as there are 26 selling days this June—one less than last year— and the pace adjusts higher even with lower sales.
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