SANTA MONICA, Calif. — February 21, 2013 — Edmunds.com, the premier resource for automotive information, forecasts that 1,198,538 new cars and trucks will be sold in the U.S. in February for an estimated Seasonally Adjusted Annual Rate (SAAR) this month of 15.5 million light vehicles. The projected sales will be a 14.9 percent increase from January 2013, and a 4.3 percent increase from February 2012.
"Car sales are persevering despite economic factors on people's minds like rising gas prices and the implementation of the payroll tax," says Edmunds.com Senior Analyst Jessica Caldwell. 'Pent-up demand and widespread access to credit are keeping up car sales momentum."
|Sales Volume||February 2013 Forecast||February 2012||January 2013||Change from February 2012*||Change from January 2013*|
Edmunds.com estimates that retail SAAR will come in at 12.4 million vehicles in February, with fleet transactions accounting for 20.3 percent of total sales. An estimated 3.35 million used cars will be sold in February, for a SAAR of 37.2 million (compared to 3.12 million — or a SAAR of 38.7 million — used car sales in January).
|Market Share||February 2013 Forecast||February 2012||January 2013||Change from February 2012||Change from January 2013|
More insight into recent auto industry trends can be found in Edmunds.com's Industry Center at http://www.edmunds.com/industry-center/.
For more economic analysis, please see http://www.edmunds.com/about/authors/lacey-plache.html
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