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Auto industry poised for best June sales in a decade

Staff writer |
Edmunds.com forecasts that 1,484,487 new cars and trucks will be sold in the U.S. in June for an estimated Seasonally Adjusted Annual Rate (SAAR) of 17.3 million.

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The projected sales will be a 9.0 percent decrease from May 2015, but a 4.7 percent increase from June 2014. If the sales volume holds, it will mark the best-selling month of June since 2006, and the biggest June SAAR since 2005.

Edmunds.com estimates that retail SAAR will come in at 14.1 million vehicles in June, with fleet transactions accounting for 18.3 percent of total sales.

An estimated 2.98 million used cars will be sold in June, for a SAAR of 37.2 million (compared to 3.07 million – or a SAAR of 37.4 million – used car sales in May).