by Bill McBride on 6/24/2016 12:15:00 PM
Friday, June 24, 2016
The automakers will report June vehicle sales on Friday, July 1st.
Note: There were 26 selling days in June, up from 25 in June 2015.
From WardsAuto: Forecast: June Sales to Reach 11-Year High
A WardsAuto forecast calls for U.S. automakers to deliver 1.57 million light vehicles this month.From TrueCar: June Auto Sales Likely to Rebound From May’s Shortfall on Buoyant Retail Demand
The expected daily sales rate of 60,314 over 26 selling days represents a 2.5% improvement from like-2015 (25 days), with total volume for the month rising 6.6%.
The report puts the seasonally adjusted annual rate of sales for the month at 17.3 million units, shy of last month’s 17.37 million SAAR, but ahead of the current 3-month SAAR (17.0 million) and the year-to-date SAAR through May (17.2 million).
The seasonally adjusted annualized rate (SAAR) for total light vehicle sales in June is an estimated 17.2 million units, up from 17 million units a year ago.Looks like another strong month for vehicle sales.
Posted by Bill McBride on 6/24/2016 12:15:00 PM