JD Power: June Sales Out-Performed Most Forecasts

J.D. Power blog

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.

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