June Auto Sales to be Best in 11 Years

Car sales are on a major in June according Edmunds.com, the leading car information and shopping network, which forecasts that 1,528,812 new cars and trucks will be sold in the U.S. in June for an estimated Seasonally Adjusted Annual Rate (SAAR) of 16.9 million.

This reflects a 0.2 percent decrease from May 2016, but a 3.8 percent increase from June 2015. The forecast anticipates that it will be the best for the month of June since 1.67 million sales were registered in June 2005.

Edmunds.com projects that 8,656,267 new cars and trucks will be sold this year in the U.S. through the end of June, up 1.6 percent from the 8,518,550 sales recorded through the first six months of 2015’s record-breaking year.

“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.”

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