New U.S. auto sales are expected to climb 20% in August from a year earlier, led by sharp increases by Japanese auto makers, according to Edmunds.com.
The online automotive-information provider estimated 1.29 million new cars will be sold in August, a 12% increase from July.
The forecast translates into a seasonally adjusted annualized rate of 14.5 million light vehicles and would make August the second-best month so far this year, in terms of SAAR, the firm said.
"Sales showed signs of flattening out in the first couple months of summer, so August's sales figures will come as a nice surprise for everyone in the auto industry," said senior analyst Jessica Caldwell.
Source
The Wall Street Journal