January Auto Sales Hit Winter Skids, Says Edmunds.com

But long-term outlook for 2016 is still on track

Santa Monica, CA January 28, 2016 — Edmunds.com, the premier destination for car shopping, forecasts that 1,143,839 new cars and trucks will be sold in the U.S. in January for an estimated seasonally adjusted annual rate (SAAR) of 17.5 million. The projected sales will be a 30.2% decrease from December 2015, but only a 0.5% decrease from January 2015.

“As expected, Winter Storm Jonas limited car sales from reaching their full potential, especially for import brands, which are traditionally popular in East Coast markets,” said Edmunds.com director of industry analysis Jessica Caldwell. “But weather factors aside, this was still a pretty good month for car sales. The January sales rate typically falls on the low end of the curve every year, so if historic patterns hold we’re off to a healthy start for 2016.”

SALES VOLUME FORECAST, BY MANUFACTURER

Sales

Volume

January

2016

Forecast

January

2015

December

2016

Change

from

January

2015

Change

from

December

2015

GM 204,068 202,786 290,230 0.6% -29.7%
Ford 173,184 177,441 237,606 -2.4% -27.1%
Toyota 163,643 169,194 238,350 -3.3% -31.3%
Chrysler Group 150,474 145,007 217,527 3.8% -30.8%
Nissan 105,635 104,107 139,300 1.5% -24.2%
Honda 104,029 102,134 150,893 1.9% -31.1%
Hyundai/Kia 78,087 82,804 117,749 -5.7% -33.7%
VW/Audi 34,824 34,864 51,355 -0.1% -32.2%
Industry 1,143,839 1,149,037 1,637,950 -0.5% -30.2%
*NOTE: January 2016 had 24 selling days, January 2015 had 26, and December 2015 had 28.

Edmunds.com estimates that retail SAAR will come in at 14.1 million vehicles in January, with fleet transactions accounting for 19.5% of total sales. An estimated 3.05 million used cars will be sold in January, for a SAAR of 38.5 million (compared to 2.6 million—or a SAAR of 37.9 million—used car sales in December).

MARKET SHARE FORECAST, BY MANUFACTURER

Market

Share

January

2016

Forecast

January

2015

December

2016

Change

from

January

2015

Change

from

December

2015

GM 17.8% 17.6% 17.7% 0.2% 0.1%
Ford 15.1% 15.4% 14.5% -0.3% 0.6%
Toyota 14.3% 14.7% 14.6% -0.4% -0.2%
Chrysler Group 13.2% 12.6% 13.3% 0.5% -0.1%
Nissan 9.2% 9.1% 8.5% 0.2% 0.7%
Honda 9.1% 8.9% 9.2% 0.2% -0.1%
Hyundai/Kia 6.8% 7.2% 7.2% -0.4% -0.4%
VW/Audi 3.0% 3.0% 3.1% 0.0% -0.1%

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

About Edmunds.com, Inc.

Car shopping destination Edmunds.com serves nearly 20 million visitors each month. With Edmunds.com Price Promise®, shoppers can buy smarter with instant, upfront prices for cars and trucks currently for sale at 10,000 dealer franchises across the U.S. Shoppers can browse not only dealer inventory, but also vehicle reviews, shopping tips, photos, videos and feature stories on both Edmunds’ wired site and on its acclaimed mobile apps. Regarded as one of the best places to work in Southern California, Edmunds.com was also named one of “The World’s Top 10 Most Innovative Companies of 2015 in Automotive” by Fast Company. The company is based in Santa Monica, Calif. and has a satellite office in downtown Detroit, Mich., but you can find Edmunds from anywhere on YouTube, Pinterest, LinkedIn, Instagram, Google+ and Flipboard.

Press Release

0 Comments

No comments!

There are no comments yet, but you can be first to comment this article.

Leave reply

Your email address will not be published. Required fields are marked *