July Auto Sales Sizzle as Shoppers Flock to Showrooms | Edmunds

July Auto Sales Sizzle as Shoppers Flock to Showrooms


Just the Facts:
  • July auto sales are expected to reach the highest July mark in eight years, according to Edmunds.
  • "July's performance is the clearest indication yet that retail buyers are driving market demand," said Jessica Caldwell, an Edmunds senior analyst.
  • Toyota is expected to post the most notable sales performance in July, as buyers snap up the Toyota Camry, Corolla, Prius and other models.

SANTA MONICA, California — July auto sales are expected to reach the highest July mark in eight years, according to Edmunds.

"July's performance is the clearest indication yet that retail buyers are driving market demand," said Jessica Caldwell, an Edmunds senior analyst. "Shoppers are looking past news of recalls and rising gas prices and they're finding affordable interest rates and other incentives that make it easier to buy a new car."

Edmunds predicts that 1,461,290 new cars and trucks will be sold in the U.S. in July.

Toyota is expected to post the most notable sales performance in July, as buyers snap up the Toyota Camry, Corolla, Prius and other models.

The forecast anticipates that Toyota will see sales grow 12.4 percent year over year and 7.7 percent month over month.

"As a result Toyota is poised to surpass Ford as the second best-selling manufacturer for the first month since August 2013," according to the forecast.

Shoppers in the market right now for a new car are encouraged to check out Edmunds.com's Deals of the Month page where they can find some of the strongest available deals, including zero percent financing for up to 60 months on a 2014 Nissan Pathfinder SV Hybrid or $3,000 cash on a 2014 Cadillac CTS Coupe.

Edmunds says: This is shaping up to be a banner year for the industry.

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