Filed under: Car Buying
August sales will be announced next week, but early numbers say that it has been an exceptionally good month for new-car sales so far with two days left to go – including the kickoff to Labor Day weekend. Automotive News is reporting that forecasters are expecting this month to be the strongest single month since 2006 with retail sales projected to be around 1.27 million units.
Factoring this into the known 9.13 million sales through July, many experts are saying that annual sales in 2013 could be in the mid-15-million unit range including one estimate pushing this year’s totals past 16 million units – a mark the US industry hasn’t seen since 2007. The article states that sales could be even higher if automakers like Hyundai, Ford and Subaru were able to keep supply up with the demand of some of their popular models. Stay tuned as we’ll know for sure when we put together our usual By The Numbers post next week.
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Report: Strong US auto sales in August on pace to top 15.5M in 2013