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:

Comments

Recommended

A few months ago, Mercedes-Benz promised that they will be treating everyone to a “big surprise” during the Monterey Car Week. And true enough, many of us were stunned as...
by - August 19, 2017
McLaren has already shown some interest in electrifying their models. And initially, we thought that they will just use hybrid systems to use across their current lineup. Nevertheless, we have...
by - August 19, 2017
Fifty years after its glorious victory at the 24 Hours of Le Mans, Ford launches the 2018 Ford GT ’67 Heritage Edition at the 2017 Monterey Car Week. The red...
by - August 18, 2017
Hyundai has recently unveiled an unnamed pre-production model of its new fuel cell SUV. We don’t know what to call this model just yet, but sources say that this model...
by - August 18, 2017
This weekend at the 2017 Pebble Beach Concours d’Elegance, the BMW Z4 Concept will make its first public appearance. The good news is that we will finally have a real...
by - August 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries