Market analysts are predicting that June will be another strong month for the recovering US light vehicle market, driven by retail sales.
Edmunds has joined the list of analysts expecting a June Seasonally Adjusted Annual Rate (SAAR) well in excess of 15m units.
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Edmunds.com forecasts that 1,365,496 new cars and trucks will be sold in the US in June for an estimated Seasonally Adjusted Annual Rate (SAAR) this month of 15.5m light vehicles. Edmunds’ projection would be be a 5.3% decrease from May, but a 6.3% increase from June 2012. It said that the forecast June total would be the biggest volume and SAAR for the month of June since 2007.
“Within the last month we saw a slowing stock market and a stalled unemployment recovery, but the automotive market continues to shine through it all,” says Edmunds.com Senior Analyst Jessica Caldwell. “The first half of 2013 was every bit as strong as the auto industry could expect at the beginning of the year, and there’s no reason why the next six months can’t maintain the same momentum.”
More analyst views on the US June market
