1442 ET - The new-vehicle sales pace in June is expected to finish near 15.3 million, up from the 15 million pace in June 2024, but below May's 15.6 million pace, Cox Automotive says. The seasonally adjusted annual rate, or SAAR, is expected to fall from April's 17.5 million average sales pace, Cox says. Second-quarter auto sales saw healthy results early in the quarter, Cox says, adding the full-year sales forecast of 15.7 million represents a slight decline from last year. That figure is also below Cox's initial 2025 forecast of 16.3 million. Charlie Chesbrough, senior economist at Cox Automotive, says "much of the pull-ahead demand that fired up sales in April and May has now been satiated, so consumer demand is expected to be weaker in the coming months." (stephen.nakrosis@wsj.com)
(END) Dow Jones Newswires
June 25, 2025 14:42 ET (18:42 GMT)
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