New car sales are expected to drop this month compared with June 2013, but the decline has more to do with calendar variations than weakening demand.
With one fewer weekend to rack up sales than a year earlier, June will see a dip in unadjusted volume, most analysts predict. An average of ten estimates complied by Bloomberg suggests that total sales will fall by 2.6 percent to 1.36 million units.
Both General Motors and Ford are forecast to face a decrease, while Fiat Chrysler Automobiles and Nissan will likely be among the biggest gainers.
While overall new vehicles sales will be down, the Seasonally Adjusted Selling Rate is expected to rise to 16.3 million units, up from 15.9 million units last June. If that turns out to be the case, it would represent the third time in the past four months that the SAAR has surpassed 16 million units – a very healthy sign that the industry is still on pace to return to pre-recession sales levels in 2014.
Check back tomorrow for a in-depth look at June’s sales results.
Photo by Nat Shirley.
Leave a Reply