New Vehicle Sales Expected to Lift in January, Edmunds Forecasts
SANTA MONICA, Calif., Jan. 24, 2018 /PRNewswire/ -- Edmunds forecasts that 1,169,804 new cars and trucks will be sold in the U.S. in January for an estimated seasonally adjusted annual rate (SAAR) of 17.2 million. This reflects a 28.1 percent decrease in sales from December 2018, but a 1.3 percent increase from January 2018.
"January's sales strength shows car shoppers are still feeling optimistic, even in the midst of the government shutdown and talk of a slowing economy," said Jeremy Acevedo, Edmunds' manager of industry analysis. "But despite this positive start, January is such a slow sales month that it doesn't carry much weight when it comes to predicting the health of the auto market for the full year."
Edmunds estimates that retail SAAR will come in at 13.9 million vehicles in January 2019, with fleet transactions accounting for 19.7 percent of total sales. An estimated 3.1 million used vehicles will be sold in January 2019, for a SAAR of 39.2 million (compared to 2.7 million -- or a SAAR of 39.7 million -- in December).
SALES VOLUME FORECAST, BY MANUFACTURER
Sales January 2019
January
December Change from Change from
Volume Forecast 2018 2018 January 2018 December 2018
GM* 193,348 198,548 293,680 -2.6% -34.2%
Ford 178,904 160,411 219,632 11.5% -18.5%
Toyota 162,960 167,052 220,908 -2.4% -26.2%
Fiat Chrysler 136,690 132,803 196,520 2.9% -30.4%
Honda 111,135 104,542 155,115 6.3% -28.4%
Nissan 104,737 123,538 148,720 -15.2% -29.6%
Hyundai/Kia 82,203 76,870 113,149 6.9% -27.4%
VW/Audi 36,132 39,255 54,812 -8.0% -34.1%
Tesla 17,167
Industry 1,169,804 1,155,313 1,627,597 1.3% -28.1%
*GM sales totals for
December 2018 are
estimated
**NOTE: January 2019 had 25
selling days, January 2018
had 25 and December 2018
had 26.
MARKET SHARE FORECAST, BY MANUFACTURER
Market January 2019 January December Change from Change from
Share Forecast 2018 2018 January 2018 December 2018
GM 16.5% 17.2% 18.0% -0.7% -1.5%
Ford 15.3% 13.9% 13.5% 1.4% 1.8%
Toyota 13.9% 14.5% 13.6% -0.5% 0.4%
Fiat Chrysler 11.7% 11.5% 12.1% 0.2% -0.4%
Honda 9.5% 9.0% 9.5% 0.5% 0.0%
Nissan 9.0% 10.7% 9.1% -1.7% -0.2%
Hyundai/Kia 7.0% 6.7% 7.0% 0.4% 0.1%
VW/Audi 3.1% 3.4% 3.4% -0.3% -0.3%
Tesla 1.5% -
More insight into recent auto industry trends can be found in the Edmunds Industry Center at http://www.edmunds.com/industry-center/.
About Edmunds
Edmunds guides car shoppers online from research to purchase. With in-depth reviews of every new vehicle, shopping tips from an in-house team of experts, plus a wealth of consumer and automotive market insights, Edmunds helps millions of shoppers each month select, price and buy a car with confidence. Regarded as one of America's best workplaces by Fortune and Great Place to Work, Edmunds is based in Santa Monica, California, and has a satellite office in Detroit, Michigan. Follow us on Twitter, Facebook and Instagram.
CONTACT:
Talia James-Armand
Senior Manager, Public Relations
PR@Edmunds.com
310-309-4900
http://edmunds.com/about/press
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SOURCE Edmunds
