Market improves in the United States August sales of cars will show double-digit growth

On September 3, three car market tracking companies predicted that due to the rise of Japanese automakers and the improvement in sales of energy-saving cars, there will be double-digit growth in US auto sales in August.

According to TrueCar. Com, J. D. According to data from the three car market tracking companies of Power & Associates and Kelley Blue Book, sales of light vehicles in August are expected to increase by 16% to 19%, exceeding the sales volume of 1.25 million vehicles previously released by automakers. TrueCar. Com said that these figures are enough to increase annual sales in August to about 14.2 million units, which is higher than the 14.1 million annual sales rate in July.

Jeff Schuster, senior vice president of the forecasting department of the automotive industry market information provider LMC Automotive, said in a statement: "The light vehicle sales in August were strong, which reduced the pressure on expectations for the remainder of the year. However, we are still at high risk. We expect that car sales will continue to maintain its current ups and downs in the foreseeable future, but the overall situation in 2012 is still relatively optimistic."

The top eight automakers are expected to announce August sales, including the Chrysler Group and Ford Motor Company, TrueCar. Com expects the two companies to report sales growth of 9.6% and 9.5%, respectively. GM’s sales are expected to increase slightly by 3.9%. Toyota Motor Corp. and Honda Motor Co., Ltd. are expected to see a significant increase in auto sales in August compared with the same period last year. Due to the impact of the earthquake and tsunami in Japan during the same period of last year, sales of spare parts caused a significant decline in sales.

All automakers' sales are likely to rise, thanks to an economic indicator: According to the August 29 data from the S&P/Case-Schiller Index, home values ​​for June rose for the first time since 2010. The value of homes and home sales are often indicators of the success of car sales.

Kelley Blue Book said that throughout August, car buyers tend to buy energy-efficient cars, especially compact, mini-vehicles and hybrid cars. According to data from the AAA Fuel Gauge Report on August 29, natural gas prices have soared to a national average of US$3.80 per gallon, which is 33 cents higher than the same time last month, compared with this time last year. 19 cents higher.

TrueCar. Com said that the August incentives have been the lowest level this year. The level of rewards in August decreased by 6% compared with August of last year, and it now averages $2457 per vehicle.

In August, there were a total of 27 sales days, one More sales day than the same period last year, which may give sales in August this year a slight advantage over August of last year.