(MENAFNEditorial) -- New-vehicle sales are expected to decrease 2 percent year-over-year to a total of 1.54 million units in August 2016, resulting in an estimated 17.3 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book www.kbb.com, the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry.
"Overall, sales are expected to remain steady in the mid-17 million SAAR range, despite a small drop in volume for August 2016," said Tim Fleming, analyst for Kelley Blue Book. "The mix of sales is divided, with demand for utility vehicles continuing to grow at the same time that car sales are falling. As we reach the peak of the market, Kelley Blue Book will keep an eye on a few key factors, including increased fleet penetration in 2016 combined with flat retail demand, rising incentive spend from automakers, and used car prices, which have yet to respond to the growing supply of off-lease vehicles. Any changes to the trajectory of these factors could speed up the eventual decline in new-car sales for the industry."