August May Reach the Highest Sales Rate in the Past Four Years image

It seems that the predictions that the sales for new cars will fall during the second half of the year, don’t apply for this August.

Although the auto sales over the last months have been affected by the economic crisis, analysts expect August to reach the highest selling rate over the past four years.

“The market is back,” said Ron MacEachern, a general manager of Troy-based Suburban Collection with dealerships in Michigan, California and Florida. “But it’s not crazy, which is fine. The market growth is very, very steady.”

MacEachern said that domestic sales at the dealerships operated by Suburban Collection were up 15%-20% in August compared with the same period last year, due to some import franchises operated by the dealership group. LMC Automotive and J.D. Power and Associates declared that the US sales are on track on reaching the predicted 1.3 million vehicles in August, up 16% from last year.

“August continues this summer’s trend of healthy growth in retail sales as dealers work to sell down inventory in time to make room for 2013 models,” said J.D. Power and Associates.