J.D. Power and Associates predicts
August will see auto sales dip slightly in July, but remain above the
selling rate from the first half of 2010.
The firm predicts
August new-vehicle retail sales will be 857,000 units, which represents a
seasonally adjusted annualized rate (SAAR) of 8.9 million units, down
from July's selling rate of 9.2 million units.
The firm says
incentives are down 8% from July, "But retail light-vehicle sales in
August are showing relative strength," said Jeff Schuster, executive
director of global forecasting in a release. He said that while retail
sales are likely to be down 22% from August last year. "If the
distortion from 2009's CARS program is removed, August 2010 is actually
up about 14% on a selling day-adjusted basis, signaling continued
improvement year over year."