Cars Sales On Track To Jump 18.7% Over August 2011

August 31, 2012 12:00 AM

Cars Sales On Track To Jump 18.7% Over August 2011
" New car sales have been breaking records in 2012, and there’s little sign of that changing in August. In fact, analysts at Kelley Blue Book (KBB) expect that this month’s figures could ring in 18.7% above last year, putting U.S. dealers on track for seasonally adjusted annual sales of 14.4 million vehicles.

What’s moving?

KBB expects the biggest driver of this jump to come from fuel-efficient rides. Subcompacts should be at the head of the pack, with 42.4% gains over August of 2011. (That’s not only because of their fuel economy, but also because there have been so many recent additions to the segment, like the attractive Chevrolet Spark.)

Also making big strides: compacts and compact crossovers, sales of which are expected rise 30.9% and 38.1% over last year, respectively. Midsize vehicles will see slightly less growth, at 24.3%.

Interestingly, full-size pickups are also likely to climb by about 6.7% in August. Though today’s models are more fuel-efficient than their predecessors, the gains may also be attributable to the rebounding housing market: advancing truck sales are usually a sign of growing demand in the construction sector "

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