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Sales Stats

July's Light-Vehicle Sales Increase 9.1% over Previous Year





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There were 1.4 million light-vehicle sales in July, down 1 percent from June but up 9.1 percent from July 2013.


Year-to-date light-vehicle sales in July amounted to 9.6 million units, up 4.9 percent from a year ago. The July 2014 Seasonally Adjusted Annual Rate (SAAR*) for light-vehicle sales was 16.4 million. This marked the fourth time that the SAAR exceeded 16 million this year.


In July YTD figures, car sales held a market share of 47.8 percent, with sales up 60 basis points from a year ago, while corresponding figures for light trucks put the light-truck share at 52.2 percent, with sales up 9.1 percent from a year ago.


For full details, read NADA Market Beat.



* SAAR (Seasonally Adjusted Annual Rate) is a term used in the industry to depict the selling rate of vehicles for a particular month. For example, a SAAR rate of 12 million for a particular month indicates that the industry was on pace to sell 12 million vehicles on an annual basis.