A Autos

U.S. New Vehicle Sales Are Expected to Keep Rebounding In June

01 July, 2020

Analysts expect new vehicle sales to keep rebounding in June after increasing by 42.3% MoM in May. However, May’s level remained quite low at 12.21m (SAAR), far below February’s level of 16.83m, which offers room for another rise in June:

1- According to Edmunds, “Analysts forecast a healthier-than-expected SAAR of 12.8 million in June as the country expands reopening and more consumers resume car purchases, but warn that new market factors could create trouble ahead.”

2- According to Cox Automotive, “the seasonally adjusted annual rate (SAAR) of auto sales in June will finish at 12.6 million, down significantly from last year’s 17.2 million pace, but up from May’s 12.2 million level.”



3- Wards Intelligence expectsJune’s seasonally adjusted annual rate to total 12.9 million units. That compares with May’s 12.2 million and April’s awful 8.7 million.”



4- ALG, Inc., a subsidiary of TrueCar, Inc. projects “total new vehicle sales will reach 1,098,960 units in June 2020, down 24% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 13 million units.”



5- Industry consultants J.D. Power and LMC Automotive saidThe seasonally adjusted annualized rate (SAAR) for total sales is expected to be 12.8 million units, down 4.4 million units from a year ago.”