Charles Chesbrough talks about sales volume
May Flowers: Cox Predicts 3% Increase in New-Car Sales
Tuesday May 29, 2018
Article Highlights
- U.S. new-vehicle sales in May 2018 are expected to increase 3.1% compared to May 2017, according to a forecast released today by Cox Automotive.
- The seasonally adjusted annual rate (SAAR), projected at 16.6 million for this month, is expected to fall to its lowest level since August 2017.
- “This month’s sales volume is expected to rise over last year, but May 2018 has one additional selling day,” said Charles Chesbrough, senior economist at Cox Automotive. “Sales volume is expected to reach 1.56 million, an increase of nearly 50,000 units from this time last year and up 15.6% from April 2018. This selling rate, however, would mark the first month below 17 million SAAR since last August, when Hurricane Harvey disrupted the market.”
ATLANTA — U.S. new-vehicle sales in May 2018 are expected to increase 3.1% compared to May 2017, according to a forecast released today by Cox Automotive. The seasonally adjusted annual rate (SAAR), projected at 16.6 million for this month, is expected to fall to its lowest level since August 2017. The forecast 16.6 million SAAR is down slightly from the 16.7 million level in May 2017, and down from the 17.1 million pace the market has been averaging in 2018.
“This month’s sales volume is expected to rise over last year, but May 2018 has one additional selling day,” said Charles Chesbrough, senior economist at Cox Automotive. “Sales volume is expected to reach 1.56 million, an increase of nearly 50,000 units from this time last year and up 15.6% from April 2018. This selling rate, however, would mark the first month below 17 million SAAR since last August, when Hurricane Harvey disrupted the market.”