Good news for automakers in August sales forecast, according to 24/7 Wall St.
New U.S. car sales for the month of August, including fleet sales, are expected to reach 1.46 million units, remaining on track to reach total 2013 sales of 15.6 million units, according to Kelley Blue Book’s latest data. The forecast calls for sales to rise 13.6% year-over-year and 11% month-over-month.
Honda Motor Co. Ltd. (NYSE: HMC) is expected to post the largest year-over-year gain, up 17.3%, which Kelley attributes to the company’s redesigned Accord, Civic and CR-V models. Honda also posts a market share gain of 0.3% year-over-year to 10.5%, the biggest gain of any automaker in the Kelley Blue Book data.