New Car Sales Strong Despite Forecasted Decline in June, Says Edmunds.com
SANTA MONICA, Calif. - June 26, 2014 — Edmunds.com, the premier destination for car shopping, forecasts that 1,358,683 new cars and trucks will be sold in the U.S. in June, for an estimated Seasonally Adjusted Annual Rate (SAAR) of 16.3 million. The projected sales will be a 15.4 percent decrease from May 2014, and a 3.1 percent decrease from June 2013.
"The industry will see lots of year-over-year and month-over-month declines, but that doesn't mean that June was a bad month for sales," says Edmunds.com Senior Analyst Jessica Caldwell. "It's important to remember that there were fewer sales days in June 2014 than in June last year or in May 2014. In fact, shoppers this month bought 2,700 more cars per day than they bought in June 2013. So the momentum is still very much alive."
| Sales Volume |
Jun-14 Forecast |
Jun-13 | May-14 | Change from Jun 2013* |
Change from May 2014* |
|---|---|---|---|---|---|
| GM | 242,200 | 264,843 | 284,694 | -8.5% | -14.9% |
| Ford | 219,601 | 234,917 | 253,346 | -6.5% | -13.3% |
| Toyota | 197,808 | 195,235 | 243,236 | 1.3% | -18.7% |
| Chrysler Group | 166,483 | 156,686 | 194,421 | 6.3% | -14.4% |
| Honda | 126,816 | 136,915 | 152,603 | -7.4% | -16.9% |
| Hyundai/Kia | 112,131 | 115,543 | 130,994 | -3.0% | -14.4% |
| Nissan | 109,375 | 104,124 | 135,934 | 5.0% | -19.5% |
| VW/Audi | 42,674 | 50,663 | 48,764 | -15.8% | -12.5% |
| Industry | 1,358,683 | 1,402,274 | 1,605,550 | -3.1% | -15.4% |
Edmunds.com estimates that retail SAAR will come in at 13.1 million vehicles in June, with fleet transactions accounting for 19.4 percent of total sales. An estimated 2.94 million used cars will be sold in June, for a SAAR of 36.8 million (compared to 3.05 million — or a SAAR of 36.4 million — used car sales in May).
| Market Share |
Jun-14 Forecast |
Jun-13 | May-14 | Change from June 2013 (Percentage pts.) |
Change from May 2014 (Percentage pts.) |
|---|---|---|---|---|---|
| GM | 17.8% | 18.9% | 17.7% | -1.1% | 0.1% |
| Ford | 16.2% | 16.8% | 15.8% | -0.6% | 0.4% |
| Toyota | 14.6% | 13.9% | 15.1% | 0.6% | -0.6% |
| Chrysler Group | 12.3% | 11.2% | 12.1% | 1.1% | 0.1% |
| Honda | 9.3% | 9.8% | 9.5% | -0.4% | -0.2% |
| Hyundai/Kia | 8.3% | 8.2% | 8.2% | 0.0% | 0.1% |
| Nissan | 8.1% | 7.4% | 8.5% | 0.6% | -0.4% |
| VW/Audi | 3.1% | 3.6% | 3.0% | -0.5% | 0.1% |
Shoppers in the market right now for a new car are encouraged to check out Edmunds.com's Deals of the Month page where they can find some of the strongest available deals, including 0% financing for up to 60 months on a 2014 Hyundai Elantra or $1,500 cash on a 2014 Fiat 500L.
About Edmunds.com
Edmunds is a car-shopping Web site driven to make car buying easy. Almost 18 million visitors use our shopping tools every month to connect with nearly 10,000 dealer franchises across the U.S. Shoppers can browse our inventory listings for available cars and trucks, and with Edmunds.com's Price PromiseSM, they can get an instant, upfront price on those same vehicles. Recently named the "Highest Ranked Third-Party Automotive Web Site" according to J.D. Power's 2014 Third-Party Automotive Website Evaluation StudySM, Edmunds is also home to comprehensive car reviews, shopping tips, photos, videos and feature stories. Even when you're at the dealership, we're always by your side. Use our acclaimed Edmunds.com iPhone and iPad apps or Edmunds.com Android App, or visit our Help Center. Edmunds.com also founded Car Week, a special shopping event that connects more car shoppers with dealers. We're based in Santa Monica, Calif., but you can connect with us from anywhere by following @Edmunds on Twitter or by becoming a fan of Edmunds.com on Facebook.
