New-Car Sales To Fall 2.7 Percent In June Y/Y, Climb 5.5 Percent For Q2

New-vehicle sales are expected to fall 2.7 percent year-over-year to a total of 1.36 million units, resulting in an estimated 16.3 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book www.kbb.com.

“A total of 1.36 million units sold this month will bring the number of units for the first half of 2014 to 8.1 million units, a 3.5 percent increase from last year,” said Alec Gutierrez, senior analyst for Kelley Blue Book.

“Following a slow start to the year, second-quarter totals will hit nearly 4.36 million, a 5.5 percent increase from the second quarter of 2013 and also the best second quarter since 2006, he added.”

“At this rate, the 16.3 million SAAR expected in June will be the third month above 16 million SAAR in the past four months, showing strong momentum heading into the second half of the year.”

Retail sales are expected to account for 83 percent of volume in June 2014.

“One of the greatest sales declines may come from Ford, which is preparing to restructure its F-Series factories in preparation for the new aluminum-bodied truck later this year,” said Gutierrez.”

Category: General Update