Despite Rising Gas Prices, February Auto Sales Strong at Estimated 15.5 Million SAAR, says Edmunds.com

SANTA MONICA, Calif.--()--Edmunds.com, the premier resource for automotive information, forecasts that 1,198,538 new cars and trucks will be sold in the U.S. in February for an estimated Seasonally Adjusted Annual Rate (SAAR) this month of 15.5 million light vehicles. The projected sales will be a 14.9 percent increase from January 2013, and a 4.3 percent increase from February 2012.

“Car sales are persevering despite economic factors on people’s minds like rising gas prices and the implementation of the payroll tax,” says Edmunds.com Senior Analyst Jessica Caldwell. “Pent-up demand and widespread access to credit are keeping up car sales momentum.”

SALES VOLUME FORECAST, BY MANUFACTURER

         
Sales Volume

February 2013
Forecast

February
2012

January
2013

Change from
February 2012*

Change from
January 2013*

GM 218,986 209,306 194,699 4.6% 12.5%
Ford 206,553 178,644 165,863 15.6% 24.5%
Toyota 167,405 159,423 157,725 5.0% 6.1%
Chrysler Group 143,680 133,521 117,731 7.6% 22.0%
Honda 106,367 110,157 93,626 -3.4% 13.6%
Nissan 102,580 106,731 80,919 -3.9% 26.8%
Industry 1,198,538 1,148,848 1,042,530 4.3% 15.0%
 

*NOTE: February 2013 had 24 selling days, February 2012 had 25 and January 2013 had 25.

 

Edmunds.com estimates that retail SAAR will come in at 12.4 million vehicles in February, with fleet transactions accounting for 20.3 percent of total sales. An estimated 3.35 million used cars will be sold in February, for a SAAR of 37.2 million (compared to 3.12 million – or a SAAR of 38.7 million – used car sales in January).

MARKET SHARE FORECAST, BY MANUFACTURER

         
Market Share

February 2013
Forecast

February
2012

January
2013

Change from
February 2012

Change from
January 2013

GM 18.3% 18.2% 18.7% 0.1% -0.4%
Ford 17.2% 15.5% 15.9% 1.7% 1.3%
Toyota 14.0% 13.9% 15.1% 0.1% -1.2%
Chrysler Group 12.0% 11.6% 11.3% 0.4% 0.7%
Honda 8.9% 9.6% 9.0% -0.7% -0.1%
Nissan 8.6% 9.3% 7.8% -0.7% 0.8%
 

More insight into recent auto industry trends can be found in Edmunds.com’s Industry Center at http://www.edmunds.com/industry-center/.

For more economic analysis, please see http://www.edmunds.com/about/authors/lacey-plache.html.

About Edmunds.com, Inc.

At Edmunds.com, we’re committed to helping people find the car that meets their every need. Almost 18 million visitors use our research, shopping and buying tools every month to make an easy and informed decision on their next new or used car. Whether you’re at the dealership or on the go, we’re always by your side with our five-star Edmunds.com iPhone and iPad apps and our Edmunds.com Android App. Our comprehensive car reviews, shopping tips, photos, videos and feature stories offer a friendly and authentic approach to the automotive world. We’re based in Santa Monica, Calif., but you can connect with us from anywhere by following @Edmunds on Twitter or by becoming a fan of Edmunds.com on Facebook.

Contacts

Edmunds.com Corporate Communications
Jeannine Fallon/Aaron Lewis/Stephanie Mar
Media Hotline: 310-309-4900
www.Edmunds.com
pr@edmunds.com

Release Summary

Gas prices and other economic concerns are not slowing new car sales.

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Contacts

Edmunds.com Corporate Communications
Jeannine Fallon/Aaron Lewis/Stephanie Mar
Media Hotline: 310-309-4900
www.Edmunds.com
pr@edmunds.com