Cox Automotive Sees Strong New Vehicle Sales Featured

By Staff Writer June 30, 2018

New-vehicle sales volume in June is expected to rise 2.1 percent from last year, resulting in a seasonally adjusted annual rate (SAAR) of 16.9 million.

The June sales pace is up from last year's 16.6 million rate and is up slightly from the 16.8 million level in May 2018. Through the first five months of 2018, the SAAR has averaged 17.1 million. 

On the heels of those five strong months and with a June SAAR forecast near 17 million, Cox Automotive is moving its full-year forecast up from 16.7 to 16.8 million.

The Cox Automotive team believes the second half of 2018 will see lower sales than the first half, due to the negative impact of rising interest rates and overall market volatility. Tariffs on imported cars, if enacted, have the potential to reduce sales significantly.

Last modified on Saturday, 30 June 2018 03:38

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