NADA DATA
| June Sales Recap
July 2, 2009 - The U.S. Auto Industry sold 857,227 units in the month of June. This was a decline of 7.1% from May sales and down 35% from June 2008. The SAAR* for the month was 9.5 million, which was down from May's SAAR of 9.9 Million. The decline in June versus May stems from two factors. First, the passage of the CARS Act (cash for clunkers) by Congress likely kept many consumers on the sidelines during the last 10 days of the month. Second, due to plant shutdowns at both GM and Chrysler, it appears there was a shortage of vehicles that affected sales of certain models.
Key highlights for June 2009:
| * SAAR (Seasonally Adjusted Annual Rate) is a term used in the industry to depict the selling rate of vehicles for a particular month. In the case of June, the 9.5 million rate indicates that the industry was on pace to sell 9.5 million vehicles on an annual basis. As we all know, 2009 is not a typical year. In a typical year, the industry SAAR has been in the 14 million to 16 million range. | • Car and truck sales were down 5.7% and 8.6% respectively versus May results.
• The Ford and Honda brands were winners for the month of June, gaining 0.8 and 1.1 points of market share, respectively, versus their May performance.
• The Hyundai Sonata and Ford F-Series pickup had sales increases of 8.1% and 7.6%, respectively, from their May sales performance.
• The Hyundai group (Hyundai and Kia) continue to do well; the group has captured 7.4% of industry share through June - up 2.2 points from a year-ago.
• Hybrid sales increased 2% versus May.
Need more detail? View NADA's Monthly Sales Recap reports and NADA's Monthly Sales Trends.
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2008 Recap
In 2008, the nation’s franchised new car dealers sold 13.2 million units, down 18% from 2007. Sales in all vehicle segments declined with the exception of the lower small segment, which grew 7%. The top-selling car and truck of the year were the Toyota Camry and Ford F-Series, with sales of 436,617 and 515,513, respectively. In 2008, car sales represented 53% of industry sales.
Motor vehicle sales in the U.S. account for more than 18% of total retail sales. NADA estimates that dealers generate in excess of $20 billion in annual sales tax revenue from the sale of vehicles. This revenue is an important part of the budgets for state and local governments across the country. | More Information
The video link below provides the outlook for 2009 by NADA’s Chief Economist Paul Taylor. While significant headwinds face the auto industry, Dr. Taylor believes that the second half of 2009 will begin to show improvement and allow the industry to achieve light vehicle sales that exceed 11 million units for the year.
To download the latest available annual report, NADA DATA 2008, based on 2007 information, click here.
NADA-TV Report: NADA Chief Economist Paul Taylor Provides 2009 Economic Outlook |
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