New Vehicle SAAR Slows

By Staff Writer August 30, 2018

New-vehicle sales in August are forecast to reach 1.49 million, up approximately 100,000 units from August 2017 according to a sales forecast from Cox Automotive.

The seasonally adjusted annual rate (SAAR) of 16.8 million units forecast for August is up incrementally from last month's 16.7 million and up from the sales rate of 16.5 million in August 2017. 

The 16.8 million SAAR forecast for August is below the 17.1 million rate the market has been averaging so far this year.

The all-time record for August sales was set in 2002 when the sales pace reached 18.1 million. The record volume for August of 1.71 million was also reached that year.

Last modified on Thursday, 30 August 2018 03:28

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