Sales may dip for first time in 19 months - Automotive News
Still, that could be enough to halt Fiat Chrysler Automobiles’ streak of consecutive year-over-year gains after 64 months. Overall, LMC Automotive and KBB are forecasting a 4 percent year-over-year U. S. sales decline for August. TrueCar, Edmunds and Barclays estimate that sales will slide about 3 percent from August 2014. Yet the seasonally adjusted annualized selling rate could wind up being about the same as, or maybe slightly higher than, a year ago. Last year, 20 percent of August sales occurred over the three-day holiday weekend, J. D. Power said. In addition to missing Labor Day, this August has one fewer selling day than a year ago. August 2014 had last year’s highest selling rate: 17. 3 million, which was an eight-year high at the time. SAAR forecasts for this month range from 17. 2 million to 17. 4 million, which are roughly in line with where total sales for the year are likely to end up. “Despite the tough comparison with last August, robust demand for crossovers and pickup... Source: www.autonews.com
