In July 1.52 million new cars and trucks will be sold in the U.S., up 0.8 percent on the same month in 2015, equating to a SAAR of 17.8 million units, Edmunds.com said today in a press release.
“Last year’s record-setting sales performance was powered primarily by a strong second half, and July sales suggest that 2016 is poised to play out in the same way,” says Edmunds.com Executive Director of Industry Analysis Jessica Caldwell. “With low interest rates and a leasing market that’s stronger than ever, automakers have a great opportunity to build on last year’s burst of summer sales. The growth might not be as significant as in recent years, but it’s still growth nonetheless.”
