The automakers will report July vehicle sales next Friday, August 1st. Sales in June were at 16.92 million on a seasonally adjusted annual rate basis (SAAR), and it appears sales in July will be above 16 million SAAR again. The analyst consensus is for July sales of 16.8 million SAAR.
Note: There were 26 selling days in July this year compared to 25 last year.
Here are a few forecasts:
From J.D. Power: U.S. auto sales seen rising 9 percent in July: JD Power-LMC
U.S. auto sales in July will be the strongest for the month since 2006, and rise 9 percent from last year, automotive industry consultants J.D. Power and LMC Automotive predicted on Thursday.
For the fifth consecutive month, the seasonally adjusted annualized sales rate will top 16 million new vehicles, at 16.6 million, the consultancies said.
LMC raised its full-year 2014 forecast for new auto sales to 16.3 million, from 16.2 million.
From TrueCar: New Vehicle Sales Continue to Sizzle in July; TrueCar Increases 2014 Annual Sales Forecast to 16.35M
Seasonally Adjusted Annualized Rate (“SAAR”) of 16.7 million new vehicle sales is up 6.8 percent from July 2013.
From Kelley Blue Book: New-Car Sales to Jump 11.6 Percent Year-Over-Year in July
The seasonally adjusted annual rate (SAAR) for July 2014 is estimated to be 16.6 million, up from 15.7 million in July 2013 and down from 16.9 million in June 2014.
Another solid month for auto sales.