Kbb: Nissan Leads Vehicle Sales Increase for June

nissan_logo22

Yahoo Finance

Accord­ing to Kel­ley Blue Book, new-car sales are expected to improve 6 per­cent year-over-year in June, with Nis­san out­pac­ing the other automak­ers in sales increase.

Get the details on Kbb’s insight ahead of June automaker sales reports.

New-car sales are expected to improve 6.0 per­cent year-over-year in June to a total of 1,363,000 units accord­ing to Kel­ley Blue Book, the lead­ing provider of new and used car infor­ma­tion.  After adjust­ing for one fewer sell­ing day this June, the 10.1 per­cent year-over-year gain will mark the strongest improve­ment thus far in 2013. The sea­son­ally adjusted annual rate (SAAR) for June 2013 is 15.5 mil­lion, which is the high­est SAAR since Novem­ber 2012 at 15.5 mil­lion and high­est June SAAR since 2007 at 15.8 million.

As in May, Nis­san will lead sales gains again this month and is expected to post a 14.9 per­cent increase, bouyed by demand for the newly redesigned Altima and Sen­tra.  More con­sumers may be drawn to Nis­san prod­ucts since Nis­san cut the manufacturer’s sug­gested retail price (MSRP) on seven of its mod­els in May.  Ford will rely on a strong pickup truck mar­ket and plen­ti­ful incen­tives on its F-150 to drive a 13.4 per­cent gain.  Mean­while, Hyundai-Kia is expected to decline 3.6 per­cent, as it faces pro­duc­tion capac­ity con­straints and com­pe­ti­tion from newer prod­uct offer­ings from other man­u­fac­tur­ers, espe­cially in the mid-size car segment.

Honda’s all-new Accord appears well-positioned to chal­lenge the Toy­ota Camry for the top spot in mid-size seg­ment sales this month, while the Ford Fusion and Nis­san Altima are not far behind.

Demand remains strong for large pick­ups and com­pact util­ity vehi­cles, both of which are expected to be up nearly 20 percent.

“Com­pact crossovers will cap­ture more mar­ket share than ever before at 13 per­cent, fueled by recent redesigns of the Ford Escape, Honda CR-V and Toy­ota RAV4,” said Gutier­rez.  “Sales in the mid-size seg­ment are expected to be rel­a­tively flat year-over-year; how­ever, the fight for seg­ment supremacy remains fierce.”

 

Tags: