SANTA MONICA, California — The auto industry is expected to see the best June sales in 11 years, according to the latest forecast from Edmunds.com.
The projected June sales will be a 0.2 percent decrease from May 2016, but a 3.8 percent increase from this time last year and the best June results since 2005.
Edmunds.com projects that a total of 8,656,267 new cars and trucks will be sold in the U.S. this year through the end of June, up 1.6 percent from the 8,518,550 sales recorded through the first six months of the record-breaking year in 2015.
"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."
June sales could very well extend the recent trend that continued in May as shoppers snapped up light trucks and SUVs, including such models as the Ford Transit, Jeep Renegade, Nissan Rogue and Toyota RAV4.
Edmunds says: As June sales figures continue tallying, it will be interesting to see if SUVs and light trucks maintain their position as the hot sellers.