Auto sales post strong gains in August

Aug. 30, 2013
Edmunds.com projects 10.9 percent from July.

Edmunds.com, the resource for car shopping and automotive information, forecasts that 1,455,911 new cars and trucks will be sold in the U.S. in August for an estimated seasonally adjusted annual rate (SAAR) of 15.6 million. The projected sales will be a 10.9 percent increase from July 2013, and a 13.3 percent increase from August 2012.

"Car buyers are continuing their steady march into car dealerships and they'll keep marching right through Labor Day weekend with attractive deals and promotions luring them in," said Edmunds.com senior analyst Michelle Krebs. "While retail sales are strong in August, automakers are further reducing their dependence on fleet sales. This month's fleet percentage of total sales looks to be the lowest since at least 2007, and the result will be stronger resale values for customers buying new cars and healthier bottom lines for automakers."

Sales volume by manufacturer is as follows:

Aug-13

Aug-12

Jul-13

Change from Aug 2012

Change from Jul 2013

GM

266,868

240,520

234,071

11.0%

14.0%

Toyota

217,915

188,520

193,394

15.6%

12.7%

Ford

215,298

196,749

193,080

9.4%

11.5%

Chrysler Group

161,785

148,472

140,102

9.0%

15.5%

Honda

156,688

131,321

141,439

19.3%

10.8%

Hyundai/Kia

123,185

111,127

115,009

10.9%

7.1%

Nissan

112,849

98,515

109,041

14.5%

3.5%

VW/Audi

54,031

52,538

48,843

2.8%

10.6%

Industry

1,455,911

1,284,633

1,313,013

13.3%

10.9%

Edmunds.com estimates that retail SAAR will come in at 13.5 million vehicles in August, with fleet transactions accounting for 13.6 percent of total sales. An estimated 3.02 million used cars will be sold in August, for a SAAR of 36.4 million (compared to 3.17 million – or a SAAR of 35.7 million – used car sales in July).

Edmunds.com projects that General Motors could deliver its highest single-month sales (266,868) since September 2008. GM also stands to gain the biggest piece of market share (+0.5 percentage points) of any major manufacturer from July to August.

Meanwhile, Honda's projected 19.3 percent year-over-year sales increase will be the biggest gain by any major automaker in August.


Following is market share forecast by manufacturer.

Aug-13 Forecast

Aug-12

Jul-13

Change from

August 2012

(Percentage pts.)

Change from

July 2013

(Percentage pts.)

GM

18.3%

18.7%

17.8%

-0.4%

0.5%

Toyota

15.0%

14.7%

14.7%

0.3%

0.2%

Ford

14.8%

15.3%

14.7%

-0.5%

0.1%

Chrysler Group

11.1%

11.6%

10.7%

-0.4%

0.4%

Honda

10.8%

10.2%

10.8%

0.5%

0.0%

Hyundai/Kia

8.5%

8.7%

8.8%

-0.2%

-0.3%

Nissan

7.8%

7.7%

8.3%

0.1%

-0.6%

VW/Audi

3.7%

4.1%

3.7%

-0.4%

0.0%

More insight into recent auto industry trends can be found in Edmunds.com's Industry Center at http://www.edmunds.com/industry-center/.

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