Sales slowed in July, posting a 4 percent decline year over year and a SAAR of 16.5 million units.
June was yet another strong month for the industry, matching March for the highest SAAR of the year.
Although May had the first SAAR of the year below 17 million, sales were still 4.7 percent higher than in May 2017.
10.2 million used vehicles were sold in Q3 2018, a 5.0 percent increase over Q3 2017.
10.4 million used vehicles were sold in Q2 2018, a 2.5 percent increase over Q2 2017.
Edmunds takes a midyear look at the major factors influencing the industry in 2018.