Truck mix projected to exceed 70 percent of retail sales for first time.
New-vehicle retail sales pace in October is expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. The seasonally adjusted annualized rate (SAAR) for retail sales is expected to be 13.6 million units, down 400,000 from October 2017.
“The year-over-year comparison is difficult as sales in October last year were inflated by vehicle replacement demand associated with Hurricanes Harvey and Irma,” said Thomas King, Senior Vice President of the Data and Analytics Division at J.D. Power. “Despite the