August Shows Another Increase in Car Sales

Ford Dealership

Like last month, August has shown yet another increase in the sale of new cars, which can only mean one thing based on high-school economics: With more demand comes more supply - car prices are sure to plummet! Or not.


August new-car sales in the U.S. are expected to jump 19% from a year earlier as retail demand from consumers remains steady, according to a report by Kelley Blue Book.

The provider of new- and used-car information estimates August new-car sales to hit about 1.3 million units. When adjusted for an additional selling day in August, car sales are expected to rise 14%. The daily selling rate is expected to decline nearly 1,000 units a day compared with July, due to a seasonal decline in fleet sales taking place during the second half of the year, Kelley Blue Book said. Retail sales volume is expected to be relatively flat month-over-month, outperforming seasonal expectations, the firm said. Continue Reading


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