July Mustang Sales Figures Released

As 2008 Mustang models hit dealer lots mid July and 2007 models seeing some small discounts to move them out it was my thought we might see an increase in sales from the previous month but this was not the case as sales dropped 12% from June to July.

Sales of Mustangs for July of this year were 10,684 compared to 13,711 from July of the previous year showing a 22.1% drop in sales. Year to date sales for 2007 Mustangs are 88,025 compared to 100,995 for the seven months of last year, a 12.8% drop.

If we were to do few calculations to project future sales using the seven previous months sales as our basis we could assume the 07 Mustang will sell 150K units this year. How I came by this number is taking the seven months of sales for 07 which is 88,025 and dividing it by 7 giving me an average of 12,577 sold each month. Then multiply that number by 12 giving us the 150K mark. Now thats not a bad year of Mustang sales but still below previous years considering the Mustang is due for a redesign in a few years.

If you are curious what previous months sales are check out March, April, May and June Sales.