Analysis from J.D. Power’s Power Information Network® (PIN) indicates the selling pace in June was the strongest in six years and outperformed most forecasts.
Get the details on double-digit gains during the month of June.
Automakers in the U.S. market finished the month of June with new-vehicle total sales increasing 13.5% (on a selling-day adjusted basis*) to 1.40 million units from 1.28 million units in the same month in 2012, according to analysis from J.D. Power’s Power Information Network® (PIN) and our strategic partner LMC Automotive. The selling pace in June was the strongest in six years and outperformed most forecasts.
Through the first six months of 2013, total new-vehicle deliveries also increased, but not by as much as the June figure; YTD sales were up 8.4%, to 7.82 million unit sales from 7.26 million in the same six-month period a year ago. Trucks outperformed cars in the first half and gained 1.80 percentage points of share from a year ago. The Detroit-based automakers also captured a larger share of the U.S. auto market in the first half—46.1% vs. 45.2% in 2012.
In June, the seasonally adjusted annual selling rate (SAAR) for retail and fleet sales averaged 15.9 million units—the strongest rate since 2007. The year-ago total light-vehicle SAAR was a much weaker 14.4 million units.
Retail deliveries drove the sales growth in the U.S. auto market in June, especially during the last seven selling days of the month, when retail deliveries accounted for 34% of June auto sales. Retail sales in June totaled 1.13 million units—a surge of 14.8% from last year’s retail total. The retail pace was 13.3 million units—up more than 1.3 million units from a year ago and up 600,000 units from the pace in May 2013.