TrueCar said in a forecast Tuesday that used-vehicle sales for August could beat year-ago figures by more than 2 percent.
The company is calling for a possible 3.30 million used-car sales this month, which would beat August 2015 by 2.3 percent.
Last week, Edmunds.com also forecasted 3.3 million used-car sales for the month, down from 3.4 million in July. The resulting SAAR would be 39.0 million, versus 38.9 million last month.
These projections follow what Edmunds said what the best second quarter for used-car sales since 2007.
There were a combined 9.80 million used cars sold in April, May and June, up from 9.64 million in Q2 of 2015, according to the company’s Q2 2016 Used Vehicle Market Report.
Franchised dealers accounted for just over 3 million of this year’s Q2 used-car sales. This was a 4-percent year-over-year gain and the strongest Q2 ever for franchised used sales, Edmunds said in the report.
On the new-car side, TrueCar is calling for 1.54 million sales (including fleet), which would be 2.1 percent softer year-over-year.
The projected SAAR for August is 17.3 million, compared to 17.8 million in August 2015.
Taking fleet out, TrueCar forecasts 1.33 million new retail sales for August, which would be down 3.3 percent. The company attributed this to softer consumer demand.
“Despite sales beginning to cool off, the industry is still on pace for a record year,” Eric Lyman, TrueCar’s chief industry analyst, said in a news release. “2015 delivered a 10-year high in August sales, so automakers faced a high hurdle to show year-over-year gains in August 2016.”