• News
  • Guides
  • Reviews
  • Media
  • About
  • News
  • Guides
  • Reviews
  • Media
  • About
Sign up Now (For Free)

Sign up for our newsletter and receive the latest automotive news in your inbox!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
News
Read Now
  • All News
  • Automakers
  • Automobiles
  • Auto Shows
  • Business
  • EVs & Environment
  • Guides
  • Lawsuits/Legal
  • Regulatory
  • Ride-Sharing
  • Safety & Recalls
  • Technology
Recent
  • Automakers Scrambling to Ensure They Qualify for New EV Tax Credit
  • Rivian Adding Second Shift to Hit 25K Production Goal
  • With Auto Thefts Up 8%, Trucks Most Stolen Models
  • The End Comes for the Mercedes-Benz Metris
  • GM Loses Appeal of Conspiracy Lawsuit Against FCA
  • National Average for Gas Drops Below $4 a Gallon
  • Worker Killed at GM’s Orion Assembly Plant
  • Heritage Edition Bronco: A Horse of a Different Color
  • First Look: 2023 GMC Canyon
  • Automakers Cheer as Biden Signs $52B CHIP Bill
Editor’s Choice
    Reviews
    Read Now
    • All Reviews
    • Classic Cars
    • Concept Cars
    • Convertibles
    • Coupes
    • Crossovers/CUVs
    • Diesel
    • Hot hatches
    • Hybrids
    • Luxury Vehicles
    • Minivans
    • Muscle Cars
    • Pickups
    • Sedans
    • Sports Cars
    • Super Cars
    • SUVs
    Recent Reviews
    • A Week With: 2022 Hyundai Ioniq 5 Limited AWD
    • A Week With: 2022 Mercedes Sprinter 2500 Cargo Van
    • A Week With: 2022 Toyota RAV4 Prime XSE AWD
    • A Week With: 2023 Kia Sportage Hybrid EX AWD
    • A Week With: 2022 Volkswagen Golf GTI 2.0 Autobahn
    • A Week With: 2022 Infiniti QX60 Luxe AWD
    • First Drive: 2023 Genesis G90
    • A Week With: 2022 BMW M4 Competition xDrive Convertible
    • A Week With: 2022 Jaguar F-Pace R Dynamic S
    • A Week With: Genesis GV70 3.5T AWD Sport Prestige
    Editor’s Choice
      Guides
      Car Warranty
      • Endurance Warranty Reviews
      • BMW Extended Warranty
      • Extended Warranty For Cars Over 100k Miles
      • Extended Car Warranty Cost
      • Subaru Extended Warranty
      • CarShield Reviews
      • CarShield Cost
      • Aftermarket Car Warranty
      • CARCHEX Warranty Reviews
      • Reputable Extended Car Warranty Companies
      • Used Car Warranty Companies
      • Best Car Warranty
      • Is CarShield A Scam?
      • Mercedes Extended Warranty
      • CarShield Plans
      Insurance
      • How To Identify A Car Insurance Company
      • Geico Mechanical Breakdown Insurance
      • How Far Back Does A Car Insurance Company Look
      • Mechanical Breakdown Insurance For Used Cars
      • State Farm Mechanical Breakdown Insurance
      • Mechanical Breakdown Insurance From Progressive
      • Dollar A Day Insurance
      • Auto Insurance For SSI Recipients
      • Car Insurance Rates After A Suspended License
      • Auto Insurance For Salvage Vehicles
      • Average Cost of Dodge Ram 1500 Car Insurance
      • Car Insurance Florida
      • Full Coverage Auto Insurance
      • GrubHub Insurance
      • Amazon Delivery Auto Insurance
      Shipping
      • Car Shipping Companies
      • uShip Reviews
      • Auto Shipping From California To Hawaii
      • Montway Auto Transport Reviews
      • Cheap Car Shipping
      • Easy Auto Ship Reviews
      • Auto Shipping Miami
      • Auto Shipping To Alaska
      • Car Shipping Cost
      • Auto Shipping Hawaii
      • Auto Shipping Puerto Rico
      • Sherpa Auto Transport Reviews
      • Auto Shipping Atlanta
      • Auto Shipping Boston
      • Auto Shipping. Chicago
      About
      • About Us
      • Contact Us
      • Terms of Use
      • Privacy Policy
      • Affiliate Disclosure
      • Sitemap
      TheDetroitBureau.com

      More than just “another” place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. TheDetroitBureau doesn’t stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting.

      Contact Us

      Like what you see? Have some ideas for making The Detroit Bureau.com even better? Let us know, we’d love to hear your voice.

        Media
        Listen Now
        • Headlight News: All Episodes
        More from TheDetroitBureau
        • Guides
        • Latest News
        • Auto Reviews
        • Podcasts
        Headlight News

        TheDetroitBureau.com’s Headlight News offers a look at the past week’s top automotive news stories, as well as what’s coming up in the week ahead. Check out the week’s top story and our latest review…along with a dive into the past with this week in automotive history.

        home > news > Automakers > New Vehicle Sales Holding Steady in June

        New Vehicle Sales Holding Steady in June

        First half set to be the weakest in four years.

        Joseph Szczesny
        Joseph Szczesny , Executive Editor
        June 28, 2018
        June auto sales are holding steady, but the second half is expected to be soft.

        New vehicle sales in June appear to be holding steady but are expected to decline during the second half of the year, analysts reported this week.

        Cox Automotive said it expected June to rise 2.1% from last year, resulting in a seasonally adjusted annual rate of 16.9 million. The June sales pace is up from last year’s 16.6 million rate and is up slightly from the 16.8 million level in May 2018, Cox said. Through the first five months of 2018, the SAAR has averaged 17.1 million.

        News You Can Trust!

        J.D. Power and LMC Automotive predicted a 0.6% decrease compared with June 2017. “The first half of 2018 will deliver the weakest industry retail sales results since 2014,” said Thomas King, senior vice president of the Data and Analytics Division at J.D. Power.

        “However, weaker sales volumes are being offset by higher transaction prices, which are expected to reach $32,221 for the first half, up $824 compared with 2017.” This means consumers are on pace to spend $215 billion on new vehicles, nearly $5 billion more than the first six months of 2017.

        (Automakers foreign and domestic: tariffs harm jobs, economy. Click Here for the story.)

        The first half sales of 2018 will be the "weakest" in nearly five years, according to analysts.

        “Despite the dip in retail sales, absolute volumes remain strong and from a consumer expenditure perspective, 2018 is expected to be another record-breaking year for the industry,” King added.

        On the heels of those five strong months and with a June SAAR forecast near 17 million, Cox Automotive is moving its full-year forecast up from 16.7 to 16.8 million.

        “Buying conditions for higher-income Americans, who are the new-vehicle market’s core constituents, have been very favorable as tax reform has improved income and wealth for these potential buyers. Consumer confidence has also held at near-record levels, buoyed by wage growth and historically low unemployment,” Cox said.

        (Click Here for more about Tesla batteries reigniting after being extinguished by fire departments.)

        The Cox Automotive team believes the second half of 2018 will see lower sales than the first half, due to the negative impact of rising interest rates and overall market volatility. Tariffs on imported cars, if enacted, has the potential to reduce sales significantly.

        Trucks are still selling strong in this weaker sales year.

        “All indicators tell us that we have reached peak market and it won’t be getting better from here,” said Charlie Chesbrough, senior economist, Cox Automotive. “Monthly sales volume in June is expected to rise over last year, but June has one additional selling day this year – 27 instead of 26, and the pace is not expected to rise very much. June sales volume is expected to reach 1.5 million, an increase of nearly 30,000 units over last year, but a decrease of nearly 85,000 units (down 5.3%) from May.”

        Jeff Schuster, president, Americas Operations and Global Vehicle Forecasts at LMC Automotive, said, “Tariff threats remain at center stage. The high level of uncertainty and expected negative effects are causing profit and volume warnings. A trade war involving vehicles would be devastating to sales volume in the United States and other key markets. No one wins when more than a million units annually are at risk in the U.S.”

        (To see more about Uber getting a reprieve in London, Click Here.)

        In the face of the risk, LMC’s base case forecast for 2018 total light-vehicle sales is holding at 17.1 million, a decrease of 0.4% from 2017. The retail light-vehicle forecast remains at 13.8 million units, a decline of 1.5% from 2017. Fleet volume is expected to grow by 115,000 units, or 3.5%, and represents 19.5% of total light-vehicle sales.New-vehicle sales in June appear to be holding steady but are expected to decline during the second half of the year, analysts reported this week.

         

        How to Care for Your Car

        Cheap Car Warranty

        Editor's Choice

        Best Extended Car Warranty

        Editor's Choice
        Recently Published
        General Motors Chair and CEO Mary Barra confirmed during her 2022 CES keynote address that Chevrolet will launch the Chevrolet Equinox EV in the 2024 model year.

        Automakers Scrambling to Ensure They Qualify for New EV Tax Credit

        Yesterday
        Rivian line at Normal plant

        Rivian Adding Second Shift to Hit 25K Production Goal

        Yesterday
        Car thief NICB

        With Auto Thefts Up 8%, Trucks Most Stolen Models

        Yesterday

        Leave a Reply Cancel reply

        Your email address will not be published. Required fields are marked *

        Share this article:
        © The Detroit Bureau 2022
        • Guides
        • Privacy Policy
        • Terms of Use
        • Affiliate Disclosure
        • Contact Us
        • Sitemap
        Follow Us: