/ Industry, News / US: car market heats in July

US: car market heats in July

Linked In Share
US: car market heats in July

Although throughout the country much of the summer has been cooler than usual, the same can’t be said about the new car sales – with scorching summer numbers.

This, along with preliminary data for the month, prompted industry executives to remain confident the sales throughout the rest of the year will keep their rising pace. Mark Fields, the new Ford CEO, said that because the general economy is steady, consumer confidence should lead to strong retail sales for the last six months of the year. Chuck Stevens, GM’s chief financial officer supported the idea, noting that figures look very enticing for the rest of the year.

“Sales in the first half of the year totaled 8.15 million, an increase of 4.2% from last year. In the second quarter, sales hit 4.41 million, which is the second-best quarter since 2006,” said Alec Gutierrez, KBB senior analyst.

According to preliminary data for July, the sales could rise as much as 12% from the same period last year, prompting the best July since 2006. Forecasters TrueCar and Kelly Blue Book predict sales climbing to around 1.46 million units – which should in term lift the seasonally adjusted annual rate, or SAAR, to 16.6 million or 16.7 million vehicles. That would translate to around 1 million more cars than the total accounted in 2013.

by Aurel Niculescu (my Google+) - Tuesday, July 29th, 2014 - filed under Industry, News. Image credit: .
Linked In Share
Related Articles
figures july preliminary data rise sales us


Discuss: US: car market heats in July

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Winter season set to begin at Jerez
Winter season set to begin at JerezFeb.1 (GMM/Inautonews.com) F1 2015 is about to kick off in earnest. After a two-month 'off season', teams are now all set up at ...
Ferrari, Sauber next to reveal 2015 cars
Ferrari, Sauber next to reveal 2015 carsJan.30 (GMM/Inautonews.com) Ferrari and the similarly-powered Sauber teams on Friday separately revealed their new 2015 ...
BMW 2-Series Convertible gets massive photo gallery
BMW 2-Series Convertible gets massive photo galleryBMW has released a large photo gallery with the 2-Series Convertible, marking the introduction of the model on the Old ...
BMW X5 M and X6 M get M Performance parts
BMW X5 M and X6 M get M Performance partsA series of M Performance parts for the BMW X5 M and X6 M have been recently introduced by the German based automaker. The range ...
Check out the Rolls-Royce Phantom Drophead Coupe Nighthawk
Check out the Rolls-Royce Phantom Drophead Coupe NighthawkRolls-Royce has officially introduced a new special version of the Phantom Drophead Coupe, which has been called the Nighthawk ...
BMW 2-Series Family Tourer spied
BMW 2-Series Family Tourer spiedThe second model to be based on the 2-Series Active Tourer, the so-called 2-Series Family Tourer, has been caught on camera as it ...
Honda NSX Type R rendered once more
Honda NSX Type R rendered once moreNew renderings with the 2016 Honda NSX are showing us how the upcoming range-topping version may look like once it will be ...
BMW M2 spied playing in the snow
BMW M2 spied playing in the snowOur spy photographers have managed to capture the new BMW M2 Coupe on camera once again. The development of the BMW M2 Coupe is ...
Honda lowers profit goal as Takata recalls take their toll
Honda lowers profit goal as Takata recalls take their tollJapan's third largest automaker, Honda Motor Co, decided to lower its core annual profit forecast by 6.5 percent for 2015 as it ...
2015 Hyundai Genesis to be launched in the UK
2015 Hyundai Genesis to be launched in the UKThe 2015 Hyundai Genesis sedan will be arriving in dealerships across the United Kingdom this April, as the company has recently ...
Traffic jams might become history thanks to advanced technology
Traffic jams might become history thanks to advanced technologyIn the very likely case you live in a major metropolitan region and drive daily, you always leave home with the knowledge that ...
2015 Lexus NX200t arrives in Australia
2015 Lexus NX200t arrives in AustraliaLexus has announced the arrival of the 2015 NX200t in Australia where the model in question can be yours from 52,500 AUD, plus ...
Recall roundup: Toyota Avalon for fire risk
Recall roundup: Toyota Avalon for fire riskToyota has issued a recall recently for several Avalon models because of a possible fire risk. The Toyota Avalon is the subject ...
US: Houston accident with driver fatality linked to Takata airbags
US: Houston accident with driver fatality linked to Takata airbagsJapan’s third largest automaker, Honda Motor, announced on Thursday that a person driving a 2002 Accord was killed in a traffic ...
Lamborghini Aventador Super Veloce spotted
Lamborghini Aventador Super Veloce spottedNew images with the upcoming Lamborghini Aventador Super Veloce have recently ended up on the web, depicting the most extreme ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

BMW-2Series-Cabriolet-1
BMW X5 M and X6 M M Performance parts 1
Rolls-Royce Phantom Drophead Coupe Nighthawk 1
Spy-Photo
acura nsx type r 1
Spy-Photo
2015 hyundai genesis uk 1
bugatti veyron super sport for sale dubai 1
paul bailey ferrari laferrari mclaren p1 porsche 918 spyder 1
BMW X3 xDrive35i gets the M Performance treatment 1
Lotus Exige S Automatic 1
Toyota Camry Hybrid SiC prototype 1

More automotive from inautonews
BMW has released a large photo gallery with the 2-Series Convertible, marking the introduction of the model on the Old Continent. Originally shown at the 2014 Paris Motor Show last October, the BMW 2-Series Convertible is being highlighted once again these days, with the help of a massive photo ...
read more
Inautonews Editors Section
US: hot new cars to own in 2015
US: hot new cars to own in 2015Smokin’ is the name of the game and scorching hot is the end result. This is the way we should treat auto sales this year, since anyways most ...
Tips for fuel-efficiency driving during winter conditions
Tips for fuel-efficiency driving during winter conditionsEven though the gas bills are nowhere near the level they were last winter, especially in the US – where a gallon of gas can be purchased even ...
Is the auto industry ready for the aluminum revolution?
Is the auto industry ready for the aluminum revolution?While the fact that a vehicle can have aluminum body has come to widespread attention ever since Ford announced that its best-selling F-150 truck has ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Toyota Avalon for fire riskToyota has issued a recall recently for several Avalon models because of a possible fire risk. The ... US: Houston accident with driver fatality linked to Takata airbagsJapan’s third largest automaker, Honda Motor, announced on Thursday that a person driving a 2002 ...
Safety Section