As the automakers' monthly sales numbers begin to trickle in, Edmunds.com forecasts that June U.S. sales of new cars and trucks will hit their highest level since 2007.
Edmunds forecasts that automakers sold 1.37 million new cars and trucks in June, equating to a seasonally adjusted annual rate, or SAAR, of 15.5 million light vehicles.
Although the U.S. sales projections are a 5.3 percent drop from May, they are a 6.3 percent increase from June 2012, according to Edmunds.
"Within the last month, we saw a slowing stock market and a stalled unemployment recovery, but the automotive market continues to shine through it all," said Edmunds.com senior analyst Jessica Caldwell.
"The first half of 2013 was every bit as strong as the auto industry could expect at the beginning of the year, and there's no reason why the next six months can't maintain the same momentum."
Although overall U.S. sales likely will decline from May to June, most of the major automakers will post year-over-year sales increases, Edmunds predicts.
Edmunds expects Ford Motor Co. to post the largest percentage sales improvement from June 2012 to June 2013, with a year-over-year increase of nearly 12 percent.
Despite Chrysler Group's spat with federal regulators over Jeep recalls, Edmunds expects Chrysler to post a 10.1 percent year-over-year sales increase, fueled by healthy sales of Dodge and Ram trucks.
Edmunds expects the Japanese automakers to report strong year-over-year sales gains as well.
Honda Motor Co. will lead the way with a 9.3 percent sales improvement, while Nissan Motor Co. will report a 7.3 percent sales gain and Toyota Motor Corp. will report a 7 percent gain, the firm predicts.
Edmunds forecasts that buyers snatched up nearly 3.1 million used cars in June, equating to a SAAR of 37.2 million vehicles.