The TrueCar.com May 2013 sales and incentives forecast estimates an 8.5 percent sales increase, up 12.1 percent from April 2013 on an unadjusted basis.
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For May 2013, new light vehicle sales in the U.S. (including fleet) is expected to be 1,435,495 units, up 8.5 percent from May 2012 and up 12.1 percent from April 2013 (on an unadjusted basis).
- The May 2013 forecast translates into a Seasonally Adjusted Annualized Rate (“SAAR”) of 15.2 million new car sales, up from 14.9 April 2013 and up from 13.9 million in May 2012.
- Retail sales are up almost six percent compared to May 2012 and up twelve percent from April 2013.
- Fleet and rental sales are expected to make up 20.2 percent of total industry sales in May 2013.
- The industry average incentive spending per unit will be approximately $2,482 in May 2013, which represents a decrease of 3 percent from May 2012 and is down 1.7 percent from April 2013.
- Used car sales* are estimated to be 3,345,674. The ratio of new to used is estimated to be 1:3 for May 2013.
“Full size truck sales continue to gain momentum in May and we expect the segment to post a 22 percent increase compared to the nearly nine percent industry increase,” said Jesse Toprak, senior analyst for TrueCar.com. “Stability in the industry is now the norm, which is a positive for automakers as it results in the ability to optimize production levels, therefore improving profitability.”