August 2016 Car Sales to Keep Year On Record-Setting Pace, Says Edmunds.com
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SANTA MONICA, Calif., Aug. 26, 2016 -- Edmunds.com, forcasts that 1,533,508 new cars and trucks will be sold in the U.S. in August for an estimated Seasonally Adjusted Annual Rate (SAAR) of 17.2 million. This reflects a 1.1 percent increase from July 2016, but a 2.5 percent decrease from August 2015.
Edmunds.com projects that 11,694,452 new cars and trucks will be sold in the U.S. through the end of August, up 0.8 percent from the 11,604,525 sales recorded through the first eight months of 2015's record-breaking year.
"The summer isn't delivering explosive sales like we saw last year, but the industry is still on pace to set an annual sales record," says Edmunds.com Executive Director of Industry Analysis Jessica Caldwell. "Automakers have done a good job this year of staying disciplined and managing their inventories. With volumes at record highs, they can focus even more attention on battles for market share."
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SALES VOLUME FORECAST, BY MANUFACTURER |
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Sales Volume |
August 2016 |
August |
July 2016 |
Change from August |
Change from July 2016 |
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GM |
255,151 |
270,480 |
267,258 |
-5.7% |
-4.5% |
|
Toyota |
218,237 |
224,381 |
214,233 |
-2.7% |
1.9% |
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Ford |
210,923 |
233,880 |
215,268 |
-9.8% |
-2.0% |
|
Chrysler Group |
202,783 |
201,672 |
180,727 |
0.6% |
12.2% |
|
Honda |
159,309 |
155,491 |
152,799 |
2.5% |
4.3% |
|
Hyundai/Kia |
132,475 |
130,909 |
134,972 |
1.2% |
-1.9% |
|
Nissan |
131,357 |
133,351 |
132,475 |
-1.5% |
-0.8% |
|
VW/Audi |
46,677 |
51,126 |
47,122 |
-8.7% |
-0.9% |
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Industry |
1,533,508 |
1,573,590 |
1,517,536 |
-2.5% |
1.1% |
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*NOTE: August 2016 had 26 selling days, August 2015 had 26 and July 2016 had 26. |
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Edmunds.com estimates that retail SAAR will come in at 14.6 million vehicles in August, with fleet transactions accounting for 14.7 percent of total sales. An estimated 3.3 million used cars will be sold in August, for a SAAR of 39.0 million (compared to 3.4 million – or a SAAR of 38.9 million – used car sales in July).
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MARKET SHARE FORECAST, BY MANUFACTURER |
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Market Share |
August 2016 |
August |
July 2016 |
Change from August |
Change from July 2016 |
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GM |
16.6% |
17.2% |
17.6% |
-0.6% |
-1.0% |
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Toyota |
14.2% |
14.3% |
14.1% |
0.0% |
0.1% |
|
Ford |
13.8% |
14.9% |
14.2% |
-1.1% |
-0.4% |
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Chrysler Group |
13.2% |
12.8% |
11.9% |
0.4% |
1.3% |
|
Honda |
10.4% |
9.9% |
10.1% |
0.5% |
0.3% |
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Hyundai/Kia |
8.6% |
8.3% |
8.9% |
0.3% |
-0.3% |
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Nissan |
8.6% |
8.5% |
8.7% |
0.1% |
-0.2% |
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VW/Audi |
3.0% |
3.2% |
3.1% |
-0.2% |
-0.1% |
More insight into recent auto industry trends can be found in Edmunds.com's Industry Center at http://www.edmunds.com/industry-center/.