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Automakers Will Ride a Wave of Consumer Confidence to Solid Sales in January, Edmunds Forecasts

THIS POST WAS ORIGINALLY PUBLISHED ON THIS SITE Click Here To Read Entire Article

SANTA MONICA, Calif., Jan. 25, 2017 /PRNewswire/ — Edmunds, the leading car shopping and information platform, forecasts that 1,153,459 new cars and trucks will be sold in the U.S. in January, for an estimated Seasonally Adjusted Annual Rate (SAAR) of 17.7 million. This reflects a 31.5 percent decrease in sales from December 2016, and a 0.7 percent decrease from January 2016.

“January had the potential of being a very slow month at dealerships, given the fact that auto sales shattered records in December,” said Jessica Caldwell, Edmunds executive director of industry analysis. “But January is shaping up to be a surprisingly healthy month. The economy continues to show signs of strength and consumers are feeling confident, boosting auto sales above initial expectations.”

Edmunds estimates that retail SAAR will come in at 14.6 million vehicles in January 2017, with fleet transactions accounting for 17.3 percent of total sales. An estimated 3.1 million used vehicles will be sold in January 2017, for a SAAR of 38.4 million (compared to 2.6 million – or a SAAR of 38.2 million – in December).

                                                                                                                            

More insight into recent auto industry trends can be found in Edmunds.com’s Industry Center at http://www.edmunds.com/industry-center/.

About Edmunds
Edmunds is the leading car information and shopping platform, helping millions of visitors each month find their perfect car. With products like Edmunds Your Price, Your Lease and Used+, shoppers can buy smarter with instant, upfront prices for cars and trucks currently for sale at more than 13,000 dealer franchises across the U.S. Edmunds’ in-house team of unbiased car shopping experts provide industry-leading vehicle reviews and shopping tips, as well as welcome all car-shopping questions to the free Shopper Advice line at 1-855-782-4711, via email at help@edmunds.com, via text at ED411 and on Twitter and Facebook. The company is regarded as one of America’s best workplaces by Fortune and Great Places to Work. Edmunds is based in Santa Monica, Calif. and has a satellite office in downtown Detroit, Mich.

Contact:
Nicole Carriere
Edmunds.com Corporate Communications
www.Edmunds.com
Media Hotline: 310-309-4900
pr@edmunds.com

 

SOURCE Edmunds

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