We recently reported that market analysis from J.D. Power and LMC Automotive estimated a 12% increase in U.S. auto sales for the month of August, but now we have a new report from Kelley Blue Book that optimistically points to a 13.6% increase.
August is shaping up to be the best month for auto sales in more than six years as the auto industry continues to provide one of the brightest spots in the recovering U.S. economy. A portion of the sales gain reflects the inclusion of Aug. 30, the first day of the Labor Day weekend, in August sales. Sales of pickup trucks and compact crossovers are leading the industry, with both segments up about 22% in August, according to Kelley Blue Book.
“The mid-size car segment, which had many redesigned models introduced last year, is expected to be down nearly 2% in market share and is being challenged by compact cars for the top segment, while both the large truck and compact crossover segments are seeing the most improvement, up nearly 1%,” said Kelley Blue Book analyst Tim Fleming, in a prepared statement.
Kelley Blue Book’s estimate for light-vehicle sales is 15.6 million this year, up from 14.5 million in 2012. Light-vehicle sales have increased by at least 1.2 million every year since 2009, when the total was 10.3 million.