Edmunds.com Forecasts June Auto Sales: SAAR Climbs over 10 Million

Edmunds.com Forecasts June Auto Sales: SAAR Climbs over 10 Million


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Edmunds.com Forecasts June Auto Sales: SAAR Climbs over 10 Million

SANTA MONICA, Calif. — June 25, 2009 — This month's new vehicle sales (including fleet sales) are expected to be 887,000 units, a 25.3 percent decrease from June 2008 but a 3.9 percent decrease from May 2009, according to Edmunds.com, the premier online resource for automotive information.

"The SAAR is finally back in double-digits," observed Jesse Toprak, Executive Director of Industry Analysis for Edmunds.com. "We're still a long way from 16 million unit sales, but things are moving in the right direction."

June 2009 had 25 selling days, one more than last June 2008. When adjusted for this difference, sales decreased 28.3 percent from June 2008. (The chart below sets forth other unadjusted and adjusted comparisons.)

  Change from June 2008
(Adjusted for fewer selling days)
Change from June 2008
(Unadjusted for fewer selling days)
Change from May 2009
(Unadjusted for fewer selling days)
Chrysler (Chrysler, Dodge, Jeep) -31.9% -29.1% 5.3%
Ford (Ford, Lincoln, Mercury, Volvo) -19.0% -15.6% -7.7%
GM (Buick, Cadillac, Chevrolet, GMC, Hummer, Pontiac, Saab, Saturn) -31.7% -28.9% -2.1%
Honda (Acura, Honda) -34.2% -31.4% 1.3%
Hyundai (Hyundai, Kia) -18.1% -14.7% 6.0%
Nissan (Infiniti, Nissan) -27.2% -24.2% -14.8%
Toyota (Lexus, Scion, Toyota) -31.5% -28.7% -9.7%
Industry Total -28.3% -25.3% -3.9%

The combined monthly U.S. market share for Chrysler, Ford and General Motors (GM) domestic nameplates is estimated to be 47.0 percent in June 2009, up from 46.6 percent in June 2008 and up from 46.5 percent in May 2009.

"An interesting note: minivan sales should be up about 12 percent month-over-month," Toprak told Edmunds' AutoObserver.com. "With generous incentives drawing attention to this segment, many families are rediscovering minivans as the most practical and least costly way to transport people and things."

Edmunds.com predicts Chrysler will sell 83,000 units in June 2009, down 29.1 percent compared to June 2008 and up 5.3 percent from May 2009. This would result in a new car market share of 9.4 percent for Chrysler in June 2009, down from 9.9 percent in June 2008 and up from 8.5 percent in May 2009.

Edmunds.com predicts Ford will sell 147,000 units in June 2009, down 15.6 percent compared to June 2008 and down 7.7 percent from May 2009. This would result in a new car market share of 16.6 percent of new car sales in June 2009 for Ford, up from 14.7 percent in June 2008 and down from 17.2 percent in May 2009.

Edmunds.com predicts GM will sell 187,000 units in June 2009, down 28.9 percent compared to June 2008 and down 2.1 percent from May 2009. GM's market share is expected to be 21.1 percent of new vehicle sales in June 2009, down from 22.1 percent in June 2008 and up from 20.7 percent in May 2009.

Edmunds.com predicts Honda will sell 99,000 units in June 2009, down 31.4 percent from June 2008 and up 1.3 percent from May 2009. Honda's market share is expected to be 11.2 percent in June 2009, down from 12.2 percent in June 2008 and up from 10.7 percent in May 2009.

Edmunds.com predicts Hyundai will sell 67,000 units in June 2009, down 14.7 percent from June 2008 and down 6.0 percent from May 2009. Hyundai's market share is expected to be 7.5 percent in June 2009, up from 6.6 percent in June 2008 and up from 6.8 percent in May 2009.

Edmunds.com predicts Nissan will sell 57,000 units in June 2009, down 24.2 percent from June 2008 and down 14.8 percent from May 2009. Nissan's market share is expected to be 6.5 percent in June 2009, up slightly from 6.4 percent in June 2008 and down from 7.3 percent in May 2009.

Edmunds.com predicts Toyota will sell 138,000 units in June 2009, down 28.7 percent from June 2008 and 9.7 percent from May 2009. Toyota's market share is expected to be 15.5 percent in June 2009, down from 16.3 percent in June 2008 and down from 16.5 percent in May 2009.

About Edmunds (http://www.edmunds.com/about/)
Edmunds.com publishes four Web sites that empower, engage and educate automotive consumers and enthusiasts. Edmunds.com, the premier online resource for automotive consumer information, launched in 1995 as the first automotive information Web site. Its most popular feature, the Edmunds.com True Market Value® , is relied upon by millions of people seeking current transaction prices for new and used vehicles. Edmunds.com was named "Best Car Research Site" by Forbes ASAP, has been selected by consumers as the "Most Useful Web Site" according to every J.D. Power and Associates New Autoshopper.com Study(SM), was ranked first in the Survey of Car-Shopping Web Sites by The Wall Street Journal and was rated "#1" in Keynote's study of third-party automotive Web sites. Inside Line launched in January 2005 and is the most-read automotive enthusiast Web site. CarSpace launched in February 2006 and is an automotive social networking Web site and home to the oldest and most established automotive community. AutoObserver.com launched in 2007 and provides insightful automotive industry commentary and analysis. Edmunds is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit.

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