Used-Vehicle Sales Expected to Dip Slightly for June – Remarketing



The seasonally adjusted annual rate (SAAR), or sales pace, is estimated to be near 38.8 million, down from last June’s 40.8 million level but above May’s revised 37.8 million pace.  -  Source: Cox Automotive

The seasonally adjusted annual charge (SAAR), or gross sales tempo, is estimated to be close to 38.8 million, down from final June’s 40.8 million degree however above Might’s revised 37.8 million tempo.

Supply: Cox Automotive

Whole used-vehicle gross sales in June are estimated to be close to 3.21 million items, down 5% from June 2021, based on Cox Automotive figures launched July 15.

The seasonally adjusted annual charge (SAAR), or gross sales tempo, is estimated to be close to 38.8 million, down from final June’s 40.8 million degree however above Might’s revised 37.8 million tempo. Used retail gross sales have been estimated to decrease in June.

“Delayed tax returns might have prolonged the spring promoting season by a couple of weeks, stated Charles Chesbrough, senior economist at Cox Automotive, in a information launch. “Nonetheless, greater rates of interest, coupled with excessive gasoline costs and excessive car costs, are retaining used gross sales in Q2 low. And, not like final yr, there are not any stimulus checks to offer some assist.”

Retail used-vehicle gross sales — the amount of autos bought through a dealership, thus eradicating personal get together gross sales — are estimated to be down 4.1% from June 2021. Nonetheless, the retail gross sales tempo ticked as much as 20.5 million in June from Might’s revised 19.9 million degree.

12 months up to now, the whole used market is at present on tempo to complete the yr down greater than 12% from the 40.6 million recorded in 2021.

Initially posted on Vehicle Remarketing



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