U.S. auto sales in June 2013 expected to reach a record 15.7 million vehicles

Article by Anita Panait, on June 24, 2013

The seasonally adjusted annualized rate for June 2013 will reach 15.7 million units, according to LMC Automotive. The forecaster said sales for June 2013 are expected to rise 8 percent year-on-year to 1.4 million vehicles. The seasonally adjusted annualized rate in May 2013 was 15.2 million. Jeff Schuster, LMC's senior vice president of forecasting, said in a statement, that there is “little question” that the automotive market has strong momentum at the end of the first half of 2013.

He remarked that key fundamentals are all aligned to continue the current growth trend, adding that limitations on production capacity are the only major visible risk. June 2013 results are expected to be out on July 2. LMC reiterated its full-year 2013 light-vehicle sales forecast of 15.4 million units, reflecting a 6-percent increase over 2012, when 14.5 million units were sold.

LMC, however, hiked its retail forecast for 2013 by 100,000 units, to 12.6 million. The forecaster also expects a 10-percent gain in retail sales for June 2013 and a retail SAAR of 13.2 million.

LMC's forecasts -- based on J.D. Power and Associates transaction data for the first half of June -- have underestimated the industry's sales performance in January, February and May 2013 and overestimated it slightly in March and April.

LMC remarked that light-vehicle output in North America for the first half of 2013 is up nearly 5 percent from 2013, led by Ford Motor Co. with a 16-percent production surge. [source: Reuters]

Topics: united states, sales

If you liked the article, share on:


Login or Create new account to add a comment!


Aston Martin and Red Bull Racing teamed up for the first time in creating what looks like one of the most ferocious beasts in history. The British car manufacturer has...
by - October 24, 2016
German premium carmaker Audi is reportedly planning to buy back around 25,000 Audi Q7 SUVs powered by its 3.0-liter V6 TDI engine in the United States. The buyback should compensate...
by - October 24, 2016
Wondering what the Fantasy Gift in Neiman Marcus’ annual Christmas Book this year could be? If you are generous enough to give others or yourself this special present, then behold...
by - October 24, 2016
It wasn’t too long ago when Maserati took the wraps off what appears to be the most gorgeous concept coupe ever made. The Alfieri coupe premiered at the 2014 Geneva...
by - October 23, 2016
Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016