Used Car Sales expected to climb
After TrueCar announced its prediction for a 3.8-percent year-over-year increase in used sales last week, further forecasts for August results came pouring in.
Like this prediction from Edmunds.com: the company expects an estimated 3.22 million used cars to be sold in August, which represents a SAAR of 36.8 million.
According to Edmunds data, this is slightly down from July used sales of 3.24 million for a SAAR of 37.1 million used-car sales.
And both Edmunds and J.D. Power revealed their new-car forecasts for the month, as well.
Edmunds is predicting 1,538,959 new cars and trucks will be sold in August for an SAAR of 17.4 million, which marks a 2.1-percent increase from July, but also a 2.8-percent slide year-over-year. The site estimates that the retail SAAR, in particular, will come in at 15.3 million vehicles in August, with fleet transactions accounting for 12.1 percent of total sales.