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 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 EdmundsĀ 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.


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