U.S. vehicle sales in June may fall as much as 10 percent from last June's 1.5-million mark, says J.D. Power and Associates.
If sales match the research firm's most pessimistic estimate of 1.37 million, it would translate into a 15.2 million seasonally adjusted annualized sales rate (SAAR), which would be down from the year-ago SAAR of 16.3 million.
Investment firm Merrill Lynch was more optimistic. It expects June sales to remain stable, with a SAAR of 15.8 million.
Automakers are expected to announce June sales Tuesday afternoon.
J.D. Power, which tracks dealer sales through its Power Information Network, says sales for the first three weeks of June are down about 12 percent.
"We are expecting them (sales) to be down from last June," said Walter McManus, automotive analyst for J.D. Power. If the projection is correct, June will be the worst month of the year to-date, compared to year-ago sales.
Two factors helping June sales are:
Factors hurting sales this month are the sluggish economy, and consumers who are no longer wowed by incentives.