Edmunds.com Forecasts Year-End Auto Sales

Edmunds.com Forecasts Year-End Auto Sales


FOR IMMEDIATE RELEASE

Edmunds.com Forecasts Year-End Auto Sales

SANTA MONICA, Calif. — December 27, 2007 — This month's new vehicle sales (including fleet sales) are expected to be 1.37 million units, a 3.6 percent decrease from December 2006 but a 16.8 percent increase from November 2007, according to Edmunds.com, the premier online resource for automotive information.

"Adding this forecast to the sales totals year to date, we estimate that the industry will sell approximately 16.1 million vehicles in 2007, the lowest volume since 1998," observed Jesse Toprak, Executive Director of Industry Analysis for Edmunds.com. "Given the current economic challenges and the uncertainty associated with the upcoming presidential election, we do not anticipate that 2008 will be any more robust for the car business. But, there is promise of a turnaround in 2009 when some macroeconomic factors may be very different than they are today."

The combined monthly U.S. market share for Chrysler, Ford and General Motors (GM) domestic nameplates is estimated to be 52.5 percent in December 2007, down from 52.7 percent in December 2006 and up from 51.1 percent in November 2007.

Edmunds.com predicts Chrysler will sell 178,000 units in December 2007, down 6.5 percent compared to December 2006 but up 10.7 percent from November 2007. This would result in a new car market share of 13.0 percent for Chrysler in December 2007, down from 13.4 percent in December 2006 and down from 13.7 percent in November 2007.

Edmunds.com predicts Ford will sell 209,000 units in December 2007, down 6.9 percent compared to December 2006 and up 17.7 percent from November 2007. This would result in a market share of 15.3 percent of new car sales in December 2007 for Ford, down slightly from 15.8 percent in December 2006 and up slightly from 15.1 percent in November 2007.

Edmunds.com predicts GM will sell 332,000 units in December 2007, down 0.7 percent compared to December 2006 and up 27.1 percent from November 2007. GM's market share is expected to be 24.3 percent of new vehicle sales in December 2007, up from 23.5 percent in December 2006 and up from 22.3 percent in November 2007.

Edmunds.com predicts Honda will sell 130,000 units in December 2007, down 1.4 percent from December 2006 and up 16.7 percent from November 2007. Honda's market share is expected to be 9.5 percent in December 2007, up slightly from 9.3 percent in December 2006 and flat compared with 9.5 percent in November 2007.

Edmunds.com predicts Nissan will sell 91,000 units in December 2007, down 0.8 percent from December 2006 and up 12.8 percent from November 2007. Nissan's market share is expected to be 6.6 percent in December 2007, up from 6.4 percent in December 2006 and down slightly from 6.9 percent in November 2007.

Edmunds.com predicts Toyota will sell 222,000 units in December 2007, down 2.9 percent from December 2006 and up 12.4 percent from November 2007. Toyota's market share is expected to be 16.2 percent in December 2007, up slightly from 16.0 percent in December 2006 and down from 16.8 percent in November 2007.

About Edmunds Inc.
Edmunds Inc. publishes four Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. 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 2005 and is the most-read automotive enthusiast Web site. CarSpace launched in 2006 and is an automotive social networking Web site. AutoObserver.com launched in 2007 and provides insightful automotive industry commentary and analysis. Edmunds Inc. is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit.

Leave a Comment

Edmunds Universe

Follow Us:


Edmunds iPad App

Company Profile and HistoryCompany Profile and History

@Edmunds@Edmunds

Corporate Communications

Nicole Carriere/Aaron Lewis/Allie Zamaria
www.edmunds.com

Media Hotline (media inquiries only)
310-309-4900

Email
pr (at) edmunds dot com