J.D. Power and LMC Automotive project 3.8 percent decrease for the month versus 2017. Full year forecast unchanged.
New-vehicle retail sales in November are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,096,500 units, a 3.8 percent decrease compared with November 2017 on a selling day adjusted basis.
“While the continued decline in retail sales is disappointing, record transaction prices remain an encouraging indicator for the long-term health of the industry,” said Thomas King, Senior Vice President of the Data and Analytics Division