Auto Industry Expected to Deliver Best June Sales in 11 Years, Says Edmunds.com

Auto Industry Expected to Deliver Best June Sales in 11 Years, Says Edmunds.com


SANTA MONICA, CA — June 23, 2016 — Edmunds.com, the leading car information and shopping network, forecasts that 1,528,812 new cars and trucks will be sold in the U.S. in June for an estimated Seasonally Adjusted Annual Rate (SAAR) of 16.9 million. This reflects a 0.2 percent decrease from May 2016, but a 3.8 percent increase from June 2015. The forecast anticipates that it will be the best for the month of June since 1.67 million sales were registered in June 2005.

Edmunds.com projects that 8,656,267 new cars and trucks will be sold this year in the U.S. through the end of June, up 1.6 percent from the 8,518,550 sales recorded through the first six months of 2015's record-breaking year.

"The industry may not be growing as fast as in recent years but, at the halfway point of 2016, it's still on pace to set another annual sales record," says Edmunds.com Director of Industry Analysis Jessica Caldwell. "As long as economic conditions — like low unemployment and easy access to credit — continue, the industry will be in a strong position through the busy summer sales months."

SALES VOLUME FORECAST, BY MANUFACTURER
Sales
Volume
June 2016
Forecast
June
2015
May
2016
Change from
June 2015
Change from
May 2016
GM 256,017 259,353 240,450 -1.3% 6.5%
Ford 238,516 224,681 234,748 6.2% 1.6%
Toyota 207,644 209,912 219,339 -1.1% -5.3%
Fiat Chrysler 197,447 185,035 204,452 6.7% -3.4%
Honda 144,017 134,397 147,108 7.2% -2.1%
Nissan 132,677 124,228 133,496 6.8% -0.6%
Hyundai/Kia 131,571 121,639 133,932 8.2% -1.8%
VW/Audi 47,676 48,698 47,507 -2.1% 0.4%
Industry 1,528,812 1,473,162 1,531,885 3.8% -0.2%
*NOTE: June 2016 had 26 selling days, June 2015 had 25 and May 2016 had 24.

Edmunds.com estimates that retail SAAR will come in at 13.6 million vehicles in June 2016, with fleet transactions accounting for 20.1 percent of total sales. An estimated 3.1 million used cars will be sold in June 2016, for a SAAR of 38.0 million (compared to 3.2 million — or a SAAR of 38.0 million — used car sales in May 2016).

MARKET SHARE FORECAST, BY MANUFACTURER
Market
Share
June 2016
Forecast
June
2015
May
2016
Change from
June 2015
Change from
May 2016

GM

16.7% 17.6% 15.7% -0.9% 1.0%

Ford

15.6% 15.3% 15.3% 0.3% 0.3%

Toyota

13.6% 14.2% 14.3% -0.7% -0.7%

Fiat Chrysler

12.9% 12.6% 13.3% 0.4% -0.4%

Honda

9.4% 9.1% 9.6% 0.3% -0.2%

Nissan

8.7% 8.4% 8.7% 0.2% 0.0%

Hyundai/Kia

8.6% 8.3% 8.7% 0.3% -0.1%

VW/Audi

3.1% 3.3% 3.1% -0.2% 0.0%

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
Car shopping destination Edmunds.com serves nearly 20 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 YouTube, Pinterest, LinkedIn, Instagram, Google+ and Flipboard.

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