US Auto Sales Expected to Post First Year-Over-Year Sales Gain in August, Edmunds Forecasts
 |
SANTA MONICA, Calif., Aug. 24, 2017 -- Edmunds, the leading car shopping and information platform, forecasts that 1,526,613 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 an 8.2 percent increase in sales from July 2017 and a 1.3 percent increase from August 2016.
"While any kind of sales lift after seven months of declines is encouraging, automakers still have a long road ahead to have a strong close to the year. It's a small step in the right direction," said Jessica Caldwell, executive director of industry analysis for Edmunds. "Inventories are still high, but automakers haven't been afraid to put cash on the hood this year, so we expect dealers will be aggressive with their Labor Day and model-year-end sales events to keep this momentum going. We're also seeing signs of discipline with fleet sales as automakers prioritize higher-margin retail sales."
|
SALES VOLUME FORECAST, BY MANUFACTURER |
|||||
|
Sales |
August 2017 |
August |
July |
Change from |
Change from |
|
GM |
261,183 |
256,429 |
226,107 |
1.9% |
15.5% |
|
Toyota |
237,937 |
213,125 |
222,057 |
11.6% |
7.2% |
|
Ford |
208,231 |
213,411 |
199,318 |
-2.4% |
4.5% |
|
Fiat Chrysler |
187,472 |
196,756 |
161,477 |
-4.7% |
16.1% |
|
Honda |
161,381 |
149,571 |
150,980 |
7.9% |
6.9% |
|
Nissan |
126,397 |
124,638 |
128,295 |
1.4% |
-1.5% |
|
Hyundai/Kia |
118,565 |
126,263 |
110,466 |
-6.1% |
7.3% |
|
VW/Audi |
52,161 |
48,648 |
45,915 |
7.2% |
13.6% |
|
Industry |
1,526,613 |
1,507,313 |
1,410,601 |
1.3% |
8.2% |
|
*NOTE: August 2017 had 27 selling days, August 2016 had 26 and July 2017 had 25. |
|||||
Edmunds estimates that retail SAAR will come in at 14.5 million vehicles in August 2017, with fleet transactions accounting for 13.0 percent of total sales. An estimated 3.3 million used vehicles will be sold in August 2017, for a SAAR of 39.0 million (compared to 3.4 million – or a SAAR of 39.2 million – in July).
|
MARKET SHARE FORECAST, BY MANUFACTURER |
|||||
|
Market |
August 2017 |
August |
July |
Change from |
Change from |
|
GM |
17.1% |
17.0% |
16.0% |
0.1% |
1.1% |
|
Toyota |
15.6% |
14.1% |
15.7% |
1.4% |
-0.2% |
|
Ford |
13.6% |
14.2% |
14.1% |
-0.5% |
-0.5% |
|
Fiat Chrysler |
12.3% |
13.1% |
11.4% |
-0.8% |
0.8% |
|
Honda |
10.6% |
9.9% |
10.7% |
0.6% |
-0.1% |
|
Nissan |
8.3% |
8.3% |
9.1% |
0.0% |
-0.8% |
|
Hyundai/Kia |
7.8% |
8.4% |
7.8% |
-0.6% |
-0.1% |
|
VW/Audi |
3.4% |
3.2% |
3.3% |
0.2% |
0.2% |
More insight into recent auto industry trends can be found in the Edmunds Industry Center at http://www.edmunds.com/industry-center/.