PROJECTION: June Auto Sales Topped 14 Million Again

Auto sales likely topped a seasonally adjusted annual rate of sales of 14 million, Business Insider projects.

With the three automakers out of Detroit now reporting full sales for June, Business Insider forecasts some 1.28 million new units moved off auto lots — translating to a pace of sales of 14.05 million.

The Street’s consensus for the month is 13.9 million.

If that rate holds, it would represent the fourth time a monthly reading has topped 14 million since the Cash For Clunkers program ended in 2009.

These projections are based on Ford, General Motors, and Chrysler market share over the past year and sales reported today, as well as seasonal adjustment factors provided by the Bureau of Economic Analysis.

Ford said sales improved 7.1 per cent to 207,759 vehicles, while General Motors recorded its best month since September 2008, with sales up 16 per cent to 248,750 units. Both gains beat Wall Street estimates for the month.

GM also forecast the industry-wide June SAAR figure at 14.0 million.

Below, early numbers out of the reporters (figures in blue are forecasts).

Auto Sales SAAR

Photo: Eric Platt/Business Insider

Auto Sales SAAR

Photo: Eric Platt/Business Insider

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