New-Car Sales To Increase Nearly 3 Percent In July 2015, According To Kelley Blue Book

IRVINE, Calif., July 23, 2015 /PRNewswire/ -- New-vehicle sales are expected to increase 2.6 percent year-over-year to a total of 1.47 million units in July 2015, resulting in an estimated 17.1 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book www.kbb.com, the only vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. 

"As the industry settles into the summer selling season, new-car sales are expected to remain consistent with last month's numbers, representing modest and slowing growth versus last year," said Alec Gutierrez, senior analyst for Kelley Blue Book.  "Sales in the first half of the year totaled 8.5 million units, a year-over-year improvement of 4.4 percent and the highest first-half volume since 2005.  Total sales in 2015 are projected to hit 17.1 million units overall, a 3.6 percent year-over-year increase and the highest industry total since 2001."

Key Highlights for Estimated July 2015 Sales Forecast:

• In July, new light-vehicle sales, including fleet, are expected to reach 1,470,000 units, up 2.6 percent from July 2014 and down 0.2 percent from June 2015.
• The seasonally adjusted annual rate (SAAR) for July 2015 is estimated to be 17.1 million, up from 16.4 million in July 2014 and even with June 2015.
• Retail sales are expected to account for 87.1 percent of volume in July 2015, up from 85.9 percent in July 2014.

Fiat Chrysler Automobiles Setting Records Almost Entirely on Jeep Brand Momentum
"Fiat Chrysler Automobiles should extend its sales gain streak to 64 consecutive months with expected growth of 4.4 percent, almost entirely on the momentum of the Jeep brand," said Gutierrez.  "Jeep has set monthly records for the past 20 months, and Jeep has grown nearly 40 percent of Fiat Chrysler's U.S. sales numbers.  With the Cherokee more popular than ever, and the increasing availability of the new Renegade, July should be another month of double-digit growth for Jeep."

Nissan North America also is poised to gain market share in July 2015, with strong sales of its crossovers, including the Rogue and recently redesigned Murano.  The Rogue has been well-received since its redesign in late 2013, and the new Murano is hitting the market at a time when mid-size utility sales are growing more than 10 percent. 

Compact SUVs Continue as Fastest-Growing Segment, Stealing Market Share from Mid-Size Cars
With a wave of new models hitting the market, compact SUVs once again will be the fastest-growing segment in the market.  Coinciding with the rising popularity of small utilities, mid-size car sales continue to weaken, with July market share expected to fall more than half a percentage point.  Year-to-date, eight out of the top nine models in the segment have experienced sales drops, with the exception being the Chrysler 200. 

There are 26 sales days in July 2015, compared to 26 sales days in July 2014.  All percentages are based on raw volume, not daily selling rate. 

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About Kelley Blue Book (www.kbb.com)
Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the only vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry.  Each week the company provides the most market-reflective values in the industry on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Fair Purchase Price, which reports what others are paying for new and used cars this week.  The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies.  Kelley Blue Book's KBB.com ranked highest in its category for brand equity by the 2015 Harris Poll EquiTrend^® study and has been named Online Auto Shopping Brand of the Year for four consecutive years.  Kelley Blue Book Co., Inc. is a Cox Automotive company.

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SOURCE Kelley Blue Book