July New-Car Sales To Decrease Nearly 6 Percent Year-Over-Year; Down Nearly 3 Percent From June 2017, According To Kelley Blue Book
New-vehicle sales are expected to fall nearly 6 percent year-over-year to a total of 1.43 million units in June 2017, resulting in an estimated 16.7 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book www.kbb.com.
“The annual selling pace is expected to remain below 17 million SAAR in July with volume dipping slightly from the levels seen in May and June 2017,” said Tim Fleming, analyst for Kelley Blue Book. “We’re in the midst of the steady summer sales months when new vehicles tend to stay relatively consistent after peaking during the Memorial Day weekend in May. Kelley Blue Book expects to see sales start to jump back up again in August and September thanks to model-year closeouts and the Labor Day holiday.”