Subaru’s US Sales Spike 28%
Double-digit increases in the automaker’s top-selling nameplates drove the increase.
Double-digit increases in the automaker’s top-selling nameplates drove the increase.
Kelley Blue Book expects June new-vehicle sales to increase 5% from a year ago to 1.55 million units. This predicted increase should result in an estimated 17.1 million seasonally adjusted annual rate (SAAR).
Total light vehicle sales in June rose 1.2% from a year ago to 1.42 million units, even with two fewer selling days on the calendar. The month’s 16.98 million SAAR also bested May’s and last June's rate.
Edmunds.com forecasts that about 1.36 million new vehicle will be sold in June, a 15.4% decline from May and a 3.1% decline from June 2013. Analysts, however, say the declines don’t mean June will be a bad month for car sales.
The expected SAAR for new light-vehicle retail sales in June will result in the fifth consecutive month of year-over-year growth, predicts J.D. Power and LMC Automotive.
Fueled by a 22.1 percent spike in sales vs. a year ago, industry sales paced at a 14.08 million-unit rate in June.
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