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Posts Tagged ‘July Sales Results’

U.S. Retail Sales Roller Coaster? July Up Slightly

July new-vehicle sales predicted to rebound from a weak June.

by on Jul.22, 2010

Uncertainty prevails as the economy remains in the doldrums with high levels of unemployment.

Well, fasten your seat belt – after two months of declining auto sales in the struggling U.S. auto market, it’s now predicted that new-vehicle retail sales will bounce back in July.

New-vehicle sales are expected to come in at 928,000 units this July, according to J.D. Power and Associates, which tracks actual dealer sales on a daily basis.

This makes for a seasonally adjusted annualized rate (SAAR) of 9.4 million retail units, a significant increase from June’s rate of 8.4 million units.

However, this is still far, far below the pre-financial-disaster boom years of more than 15 million annually.  (See Oops! U.S. June Auto Sales Down Further)

Year-over year comparisons are difficult this month. Even though July’s SAAR selling rate is also up from the 8.9 million units posted in July 2009, last year the “Cash for Clunkers” program, aka CARS, kicked in.

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Data!

“Consumers appear to be responding to the slight increase in visible incentive spending, which is expected this time of year during typical model-year sell downs,” said Jeff Schuster, executive director of global forecasting at J.D. Power and Associates.

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Final July Sales Results Mixed. Market Declines 12%

The SAAR at 11.2 million is the highest since last November because of CARS, but offshore makers appear to benefit most.

by on Aug.04, 2009

Click to enlarge.

Click to enlarge.

Helped by the hefty infusion of government money into the marketplace, and a corresponding increase in showroom traffic, as well as additional manufacture rebates, the seasonally adjusted annual selling rate (SAAR) topped ten million for the first time this year.

“Sales may still be down 12% from a year ago, but they’re up 16% from June,” said American International Automobile Dealer Association President Cody Lusk. “Cash for Clunkers is a stimulus plan that works. Dealers now look to Congress to keep the momentum going by allocating additional funds to the program.”

According to numbers from AutoData Corporation, offshore brands sold 562,988 vehicles in July, up from 469,713 in June, but down from 650,887 in July 2008. Asian brands accounted for 48.7% percent of the market, up from 45.8% in June 2009. Europeans had a 7.8% market share, down from 8.8%. Domestic brands finished the month with 43.6% of the market.

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