Edmunds Forecasts Boost in Auto Sales Featured

By Staff Writer August 29, 2019

The car shopping experts at Edmunds forecast that 1,599,264 new cars and trucks will be sold in the U.S. in August, for an estimated seasonally adjusted annual rate (SAAR) of 16.6 million. This reflects a 14.3 percent increase in sales from July, and a 7 percent increase from August 2018.

“New vehicle sales in August look a little healthier than usual thanks to Labor Day weekend falling earlier this year,” said Jeremy Acevedo, Edmunds’ senior manager of insights. “Market conditions are looking slightly more favorable than earlier this year thanks to a minor dip in interest rates, but we don’t expect that to cause a major turnaround. August really just stole sales that are normally attributed to September.”

An estimated 3.4 million used vehicles will be sold in August, for a SAAR of 39.8 million (compared to 3.4 million - or a SAAR of 39.6 million - in July).

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Last modified on Thursday, 05 September 2019 13:59

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