New Car Sales to Show Significant May Increase

CNBC News - May 23, 2013

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.

Get the full report with sales fig­ures and details here.

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.”

Tags:


0 Comments

    Leave a Reply

    Your email address will not be published. Required field are marked *.