Kelly Blue Book recently released its expectations for vehicle sales at the end of this month, and again it appears the auto industry is in for some optimistic information.
According to the report, new car sales are expected to hit 1,363,000 units by the end of this month, accounting for a 6 percent increase on a year-over-year comparison. When the month is adjusted, due to fewer selling days, the increase is actually 10 percent above a year ago.
The amount of sales translates to a seasonally adjusted annual rate of 15.5 million, accounting for the highest rate since November 2012, when it also hit 15.5 million.
"We've had a strong first half of the year with new-car sales up nearly 7 percent compared to the first half of last year," said Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book. "The industry continues to benefit from modest improvements in housing, unemployment and consumer confidence."
The KBB report showed that the top company as far as sales volume was General Motors, with 252,000 sales. Companies that followed were Ford (235,000), Toyota (184,000), Chrysler (156,000), Honda (133,000), Nissan (106,000), Hyundai-Kia (111,000) and Volkswagen (54,000).
As a separate report from the Electric Drive Transportation Association showed their were record hybrid and plug-in sales last month, it will be interesting to see how the sector fares by the end of this month. New car owners are encouraged to look into how Husky Liners® car floor mats will preserve the interior of any vehicle.
Coolest cars named
In a separate report, KBB released its list of the 10 Coolest New Cars Under $18,000 of 2013. The list was was based on two criteria, cars that are fun to drive and fun to own.
According to the list, the coolest car is the 2013 Hyundai Veloster, which is followed by the Ford Focus, Kia Soul, Honda Fit, Dodge Dart, Mazda 3, Fiat 500, Volkswagen Jetta, Honda Civic and Chevrolet Spark.
"Quite frankly, automakers keep making it easier to pay them less," said Jack Nerad, executive editorial director and executive market analyst for KBB.com. "While many inexpensive cars are decidedly uncool, the world's manufacturers are putting more personality and distinction into their lower-priced offerings. Not only have small cars never looked so good, but they have also never been more filled with cool content. Take the Hyundai Veloster that is No. 1 on our list this year because of its highly unique exterior design coupled with a stylish and tech-laden interior."