J.D. Power and LMC Automotive Report: New-Vehicle Sales Continue Year-over-Year Growth
PR Newswire Association LLC |
The retail SAAR in June is expected to be 13.3 million units, up slightly from 13.2 million in
Retail Light-Vehicle Sales
Retail light-vehicle sales in
"It's important to recognize that June sales are being heavily influenced by a quirk of the industry sales calendar," said
The auto industry reports sales on a sales-month basis rather than a calendar-month basis. The
"When combined, May and June retail sales are expected to be up 7.2 percent, compared with May and
Total Light-Vehicle Sales
Total light-vehicle sales in
June 20141 |
|
|
|
New-Vehicle Retail Sales |
1,104,600 units (6% higher than |
1,321,057 units |
1,128,935 units |
Total Vehicle Sales |
1,359,900 units (5% higher than |
1,605,373 units |
1,402,408 units |
Retail SAAR |
13.3 million units |
14.1 million units |
13.2 million units |
Total SAAR |
16.3 million units |
16.7 million units |
15.9 million units |
1Figures cited for
2The percentage change is adjusted based on the number of selling days in the month (24 days in
Sales Outlook
With the combination of May's strong performance and June holding above the year-to-date selling pace of 15.9 million units,
Supporting volume above 16 million units is a 55 percent increase in new-model activity in 2014 from 2013. Virtually every vehicle segment has fresh models in dealer showrooms, with activity in the small premium car and SUV segments accounting for more than 10 percent of all new models.
North American Production
New-vehicle production in
Strong sales in May helped manufacturers continue to clear inventory, as days' supply fell to 60 days from 69 days and inventory decreased by 125,000 units. Every major manufacturer with the exception of Daimler has been able to reduce or maintain inventory levels from April.
"The U.S. auto market is arguably in the best position and health it has been in since well before the great recession," said
About
About McGraw Hill Financial
McGraw Hill Financial is a leading financial intelligence company providing the global capital and commodity markets with independent benchmarks, credit ratings, portfolio and enterprise risk solutions, and analytics. The Company's iconic brands include
About
Media Relations Contacts
No advertising or other promotional use can be made of the information in this release without the express prior written consent of
Logo - http://photos.prnewswire.com/prnh/20130605/LA26502LOGO
SOURCE
Wordcount: | 1015 |
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News