New car sales stay up in June

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July 12, 2023 by Adam Malik

New car sales stay up in June​

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Image credit: Depositphotos.com
After a relatively strong showing in May, new vehicle sales in June kept the momentum going.

Estimates from DesRosiers Automotive Consultants show 161,901 units sold in June – up 12.6 per cent from the same month last year.

“The strong June means that we have now had eight consecutive months of year-over-year sales gains, with double-digit percentage increases in the last two months.” He continued

Furthermore, the seasonally adjusted annual rate is now at 1.64 million, the highest since February and ahead of last year which finished at under 1.5 million units.

Year to date, an estimated 813,000 units have been sold, up 7.6 percent from 756,000 units sold in the first half of 2022.

Before getting too excited, DesRosiers noted that sales in the first half of 2018 were 1.04 million units, indicating that things are not quite back to what was seen in the good old days.

General Motors led the way in the first half with 127,561 units sold, up 15.7 per cent from last year.
 
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