Park Community Credit Union - New Car Sales Are Falling

New car sales are dropping following years of record-setting growth. Car buyers can only benefit.

According to a new report from Kelley Blue Book, new-vehicle sales are expected to fall nearly 6 percent year-over-year to a total of 1.43 million units in June 2017.

This will result in an estimated 16.7 million seasonally adjusted annual rate (SAAR). The volume of sales for July is expected to fall below those seen in May and June.

However, KBB does expect sales to pick up again in August and September, thanks to model-year closeouts and the Labor Day holiday.

For now, though, dealers are moving as much stock as they were, and that means there are deals to be had.

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